This mean-reversion strategy plots Bollinger Bands and a long-term moving average directly on the price chart. It enters trades when price candles penetrate the outer Bollinger Bands beyond a user-defined body percentage, anticipating a price reversal. Entries
Strategy · Pine Script v6 · On the chart
Ethereum ETH Strategy [trugurpala]
This strategy trades Ethereum with a fast and slow exponential moving average crossover filtered by a 200-period EMA.
GitHub stars4on the repository
Pine versionv6current
Lines of code48
Settings6inputs
LicenceMIT
Last update2 months ago3 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
48 lines of Pine Script v6 from global-markets/09_eth_crypto.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
// Ethereum (ETH) Strategy — 24/7 Crypto
// github.com/trugurpala/pinescriptv6 — Author: Ugur Pala
//
// TR: Semboller: BINANCE:ETHUSDT / COINBASE:ETHUSD
// EN: Symbols: BINANCE:ETHUSDT / COINBASE:ETHUSD
strategy("Ethereum ETH Strategy [trugurpala]",
overlay = true,
initial_capital = 10000,
default_qty_type = strategy.percent_of_equity,
default_qty_value = 5,
commission_type = strategy.commission.percent,
commission_value = 0.1,
slippage = 2)
// ── Inputs ───────────────────────────────────────────────────────────────────
int fastLen = input.int(9, "Fast EMA", minval=1)
int slowLen = input.int(21, "Slow EMA", minval=1)
int atrLen = input.int(14, "ATR", minval=1)
float slMult = input.float(2.5, "SL Mult", step=0.1) // ETH daha volatil / more volatile
float tpMult = input.float(3.5, "TP Mult", step=0.1)
bool longOnly = input.bool(true, "Long Only")
// ── Hesaplamalar ──────────────────────────────────────────────────────────────
float fastEma = ta.ema(close, fastLen)
float slowEma = ta.ema(close, slowLen)
float atrVal = ta.atr(atrLen)
float trendEma = ta.ema(close, 200)
bool bullCross = ta.crossover(fastEma, slowEma) and close > trendEma
bool bearCross = ta.crossunder(fastEma, slowEma) and close < trendEma
// ── Entries ──────────────────────────────────────────────────────────────────
if bullCross
strategy.entry("Long", strategy.long)
strategy.exit("Long Exit", "Long",
stop=close - slMult*atrVal, limit=close + tpMult*atrVal)
if bearCross and not longOnly
strategy.entry("Short", strategy.short)
strategy.exit("Short Exit", "Short",
stop=close + slMult*atrVal, limit=close - tpMult*atrVal)
// ── Visuals ──────────────────────────────────────────────────────────────────
plot(fastEma, "Fast", fastEma > slowEma ? color.green : color.red, linewidth=2)
plot(slowEma, "Slow", fastEma > slowEma ? color.lime : color.orange,linewidth=2)
plot(trendEma, "Trend 200",color.new(color.gray,40), linewidth=1)
plotshape(bullCross, "Long", shape.triangleup, location.belowbar, color.green)
plotshape(bearCross, "Short", shape.triangledown, location.abovebar, color.red)
Overview
Ethereum ETH Strategy [trugurpala] enters long when the fast EMA crosses above the slow EMA and price is above the 200 EMA. Shorts stay off by default and open only when that option is enabled and the opposite cross occurs below the trend EMA. Each entry sets an ATR-based stop and limit target, with position size as a percent of equity. It plots the three EMAs and entry markers on the price chart.
- Fast and slow EMA crossover
- 200-period EMA trend filter
- ATR stop and take profit
- Optional short trades
- Percent of equity position size
Details
Published by
trugurpala on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands
Markets
Crypto
Timeframes
Any timeframe
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.
Topics
aialgorithmic-tradingclaude-codecodexcoding-agentsgithub-copilotopen-sourcepine-scriptpine-script-v6technical-analysis
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA | int | 9 | fastLen |
| Slow EMA | int | 21 | slowLen |
| ATR | int | 14 | atrLen |
| SL Mult | float | 2.5 | slMult |
| TP Mult | float | 3.5 | tpMult |
| Long Only | bool | true | longOnly |
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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