This strategy plots Bollinger Bands on the price chart with adjustable length, standard deviation, and offset. It defines buy and sell zones using candle size percentage and body size thresholds. Long positions enter when the lower zone is breached without con
Strategy · Pine Script v6 · On the chart
Breadth Dip Buying
A long-only strategy that combines a market breadth index, the percentage of stocks above their 50-day average, with a long moving average of 225 periods.
GitHub stars1on the repository
Pine versionv6current
Lines of code67
Settings10inputs
LicenceNone stated
Last update7 months ago31 Mar 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
When price is above the average, it buys if breadth drops below 25. In bear mode, which is off by default, it buys after breadth rises back above 10. Entries need a slippage margin around the average, and it exits when price falls below the average. Backgrounds mark low breadth. There is no stop loss.
- Breadth index from a configurable symbol
- Different breadth floors above and below the average
- 225-period SMA or EMA with slippage margin
- Background shading for low breadth
- Date range for backtesting
Details
Published by
AlanGuo on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Moving averages
Markets
Indices, Stocks
Timeframes
H4 and above
Risk Notes
- The strategy enters trades without a stop loss
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| 50日宽度指标 | string | NDFI | ndfi_symbol |
| 宽度下限（牛市） | float | 25.0 | ndfi_lower_limit_above_ma |
| 宽度下限（熊市） | float | 10.0 | ndfi_lower_limit_below_ma |
| 均线类型 | enum | ma_type.sma | selected_ma_type |
| 均线长度 | int | 225 | ma_length |
| 滑点(%) | float | 1 | slide_pct |
| 牛抄 | bool | true | buy_above_ma |
| 熊右抄 | bool | false | buy_under_ma |
| Date | time | timestamp("1 Feb 2018 00:00 +0800") | start_date |
| Date | time | timestamp("31 Dec 2099 00:00 +0800") | end_date |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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