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 v5 · On the chart
DCA Strategy with Mean Reversion and Bollinger Band
This strategy automates dollar-cost averaging entries based on multi-timeframe Bollinger Bands and mean reversion logic.
GitHub stars5on the repository
Pine versionv5runs as is
Lines of code40
Settings7inputs
LicenceNone stated
Last update1 year ago25 Sep 2025
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
DCA Strategy with Mean Reversion and Bollinger Band calculates an exponential moving average and standard deviation bands using a user-defined timeframe. When the price crosses under the lower Bollinger Band within a designated date range, the strategy enters a long order. All open positions are closed automatically once the end date is reached. It plots the bands and background highlights on the main price chart. The strategy has no stop-loss rules and relies strictly on time-based position exits.
- Multi-timeframe Bollinger Band calculation
- Lower band crossunder entry signals
- Configurable start and end date window
- Automated strategy close-all on end date
Details
Published by
Ahmed-GoCode on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Volatility & bands, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Repository
Topics
algorithmic-tradingautomationindicatorspinescriptscript-collectionstrategiestechnical-analysistradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Investment Amount (USD) | float | 100 | investment_amount |
| Open All Positions On | time | timestamp("2024-01-01 00:00:00") | open_date |
| Close All Positions On | time | timestamp("2024-08-04 00:00:00") | close_date |
| Source | source | close | source |
| Period | int | 200 | length |
| Standard Deviation | float | 2 | mult |
| Bollinger Band Timeframe | timeframe | 240 | tf |
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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