Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading. It evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long posit
Strategy · Pine Script v5 · On the chart
BWC Mean Reversion v5
A long-only strategy for stocks that buys when a very short RSI is below a threshold, the close is under the lower Bollinger Band, price is above a 200-period SMA, the opening gap down is small and average dollar volume clears a floor.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code73
Settings10inputs
LicenceCustom licence
Last update5 months ago3 May 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
BWC Mean Reversion v5 closes the position when price rises above the Bollinger midline. There is no stop loss, entries are fixed-size and not stacked, and alert messages carry a webhook payload with a secret field.
- RSI, Bollinger Band and SMA 200 entry filters
- Gap-down and dollar-volume gates
- Exit above the Bollinger midline
- Webhook alert payload for each order
- Fixed share quantity, no pyramiding
Details
Published by
tonimaxx on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion
Markets
Stocks
Timeframes
H4 and above
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingalgotradingalpacaanthropic-claudebacktestingccxtcryptooptions-tradingpine-scriptpython
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI length | int | 2 | rsi_len |
| RSI max | float | 10 | rsi_max |
| Bollinger window | int | 20 | bb_window |
| Bollinger stdev | float | 2.0 | bb_stdev |
| Long-term SMA len | int | 200 | long_sma_len |
| Max gap-down (%) | float | -3.0 | max_gap_down_pct |
| Min $ volume (50d avg) | float | 20000000 | min_dollar_volume |
| Alert qty (shares) | int | 10 | order_qty |
| Strategy id | string | mean_reversion_v5 | strategy_id |
| Shared secret (must match TV_WEBHOOK_SECRET) | string | REPLACE_ME | shared_secret |
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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