by 
This overlay strategy offers two selectable entry modes: a Bollinger squeeze on typical price and a simple moving-average cross. It filters trades by weekday, session, date range, and an optional news window, and can restrict direction or invert the side. Risk
Strategy · Pine Script v5 · On the chart
Double Bollinger Band 1M Scalper
A long-only strategy for one-minute spot charts that uses two Bollinger Bands, a standard 20-period band on close and a short 4-period wide band on open, to classify entries into three cases.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code396
Settings30inputs
LicenceNone stated
Last update12 days ago17 Oct 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
Entries can be limited to the first two hours of the Asian, European and US sessions. Each case has its own reward-to-risk target and break-even trigger, with the stop at the signal candle low plus an optional buffer. A state dashboard and level lines are drawn.
- Two Bollinger Bands with three entry cases
- Asian, European and US session windows
- Per-case target and break-even levels
- Stop at signal candle low
- State dashboard and level projection
Details
Published by
MuhammadMuhamid on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Scalping, Sessions & time
Markets
Crypto
Timeframes
M1-M5
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Stop-Loss Buffer (ticks below signal low) | int | 0 | slBufferTicks |
| Count Break-Even exits as stop-outs | bool | false | beCountsAsStop |
| BB1 Length | int | 20 | bb1Len |
| BB1 Multiplier | float | 2.0 | bb1Mult |
| BB1 Source | source | close | bb1Src |
| BB2 Length | int | 4 | bb2Len |
| BB2 Multiplier | float | 4.0 | bb2Mult |
| BB2 Source | source | open | bb2Src |
| Enable Session Filter | bool | true | useSession |
| Session Timezone | string | UTC | sessTz |
| Asian Open | bool | true | useAsia |
| sessAsia | session | 0000-0200:1234567 | sessAsia |
Show all 30 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Euro Open | bool | true | useEuro |
| sessEuro | session | 0700-0900:1234567 | sessEuro |
| US Open | bool | true | useUs |
| sessUs | session | 1330-1530:1234567 | sessUs |
| Case 1 - Target R:R | float | 2.0 | c1TargetRR |
| BE at R:R | float | 1.0 | c1BeRR |
| Case 2 - Target R:R | float | 3.0 | c2TargetRR |
| BE at R:R | float | 1.5 | c2BeRR |
| Case 3 - Target R:R | float | 2.0 | c3TargetRR |
| BE at R:R | float | 1.0 | c3BeRR |
| Case 2 validity window (bars, 0 = unlimited) | int | 0 | case2MaxBars |
| Show Bollinger Bands | bool | true | showBands |
| Show BB Basis Lines | bool | false | showBasis |
| Shade Session Windows | bool | true | showSessBg |
| Show Entry / SL / TP / BE Levels | bool | true | showLevels |
| Show Entry Signals & Bar Colours | bool | true | showSignals |
| Show State Dashboard | bool | true | showTable |
| Level Projection (bars to the right) | int | 12 | projectBars |
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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