by 
This mean-reversion strategy combines multi-timeframe exponential moving averages, Bollinger Bands, and the Relative Strength Index. It generates long and optional short trade signals when price interacts with the Bollinger Bands alongside RSI threshold confir
Strategy · Pine Script v5 · On the chart
FVG RSI Strategy (Optimized)
This strategy plots on the price chart and trades fair value gaps filtered by RSI and two EMAs.
GitHub stars42on the repository
Pine versionv5runs as is
Lines of code88
Settings8inputs
LicenceNone stated
Last update2 months ago27 Aug 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
FVG RSI Strategy (Optimized) opens a long when a bullish gap, a rising candle, RSI below the oversold level, and price under both EMAs align, and a short on the opposite conditions. Each trade uses a share of equity, an ATR multiple take profit, and a percentage stop, and it holds only one position at a time. RSI length, thresholds, EMA lengths, ATR multiplier, and stop percentage are adjustable.
- 12-bar fair value gap detection
- RSI overbought and oversold filters
- Dual EMA price location filters
- ATR take profit and percentage stop
- Percent-of-equity position sizing
Details
Published by
skywalker0803r on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Oscillators & momentum, Moving averages, Mean reversion
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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 | 10 | rsiLength |
| RSI Overbought | int | 85 | rsiOverbought |
| RSI Oversold | int | 25 | rsiOversold |
| ATR Length | int | 14 | atrLength |
| ATR Take Profit Multiplier | float | 3.0 | atrTPMultiplier |
| Stop Loss Percentage (%) | float | 1.5 | stopLossPct |
| EMA Lower | int | 15 | emaLengthLower |
| EMA Upper | int | 110 | emaLengthUpper |
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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