Improvising [Alorse] is a price-chart strategy that looks for a one-bar candle reversal filtered by a 10-period EMA, a 14-period RSI, and a rising or falling MACD. Longs require a bearish bar followed by a bullish close above the EMA, RSI below 65, and a risin
Strategy · Pine Script v5 · On the chart
High-Frequency Swing Reversal
High-Frequency Swing Reversal is a Pine Script v5 strategy that computes a reversal score from Bollinger Bands distance, RSI exhaustion, and candlestick rejection patterns such as hammers and stars.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code63
Settings1inputs
LicenceNone stated
Last update9 months ago14 Jan 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
High-Frequency Swing Reversal plots VWAP, Bollinger Bands, and EMA20 on the price chart. Long entries trigger when score is 50 or higher along with close below basis and RSI below 50; short entries trigger symmetrically. Position sizing is 10 percent of equity. Exits close positions on VWAP crossover or opposite signal. No stop loss is applied. Sensitivity input adjusts Bollinger Band multiplier and RSI length for Conservative, Normal, or Aggressive modes.
- BB Distance Scoring
- RSI Exhaustion Detection
- Candle Rejection Patterns
- VWAP Exit Rules
- Sensitivity Adjustment
Details
Published by
knectardev on GitHub
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
H4 and above, M15-H1
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 |
|---|---|---|---|
| Sensitivity | string | Normal | sensitivity |
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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