Exceeded Candle [Alorse] is a mean-reversion strategy that identifies candlestick engulfing patterns combined with Bollinger Bands filters. It enters a long position when a green candle surpasses the body of the previous red candle while price is below the mid
Strategy · Pine Script v6 · On the chart
Inside Bar Strategy with SL/TP
This strategy detects an inside bar when the current high and low sit inside the previous bar.
GitHub stars7on the repository
Pine versionv6current
Lines of code46
Settings0inputs
LicenceNone stated
Last update3 months ago24 Jul 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
A bullish inside bar enters long and a bearish inside bar enters short, both on the price chart. The long stop is the entry bar low and the short stop is the entry bar high. Take profit is two times that bar's range beyond the opposite extreme. It plots the inside-bar high and low and shades those bars. There are no user inputs, and the midpoint calculation is unused.
- Inside bar high and low test
- Long and short entries by candle color
- Stop at the entry bar extreme
- Take profit at twice the bar range
- Inside bar high, low and background plots
Details
Published by
eddiebelaval on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Candlestick patterns
Markets
Any symbol
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.
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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