Mean Reversion Strategy is an overlay strategy that identifies pullbacks using a long-term EMA, RSI, and candlestick patterns. It generates long signals when a bullish engulfing candle forms below the EMA while RSI is oversold, and short signals when a bearish
Strategy · Pine Script v5 · On the chart
JAT+BSM Pro Extended
This overlay strategy combines an AlphaTrend core with kinematic, Bayesian, and mean-reversion models, plus harmonic, classical, and candlestick pattern engines.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code3,153
Settings40inputs
LicenceNone stated
Last updatetoday28 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
JAT+BSM Pro Extended plots consolidation zones, volume-profile points of control, pattern lines, and forward forecast bands on the price chart, and it can require cross-asset synergy before treating a breakout as valid. Inputs change ATR sensitivity, layer periods, forecast horizon, model weights, and which engines run. The trade state stores a stop and a target. Signals can change on the live bar.
- AlphaTrend ATR and momentum core
- Bayesian and kinematic forecasts
- Harmonic, classical, and candlestick patterns
- Volume profile consolidation zones
- Cross-asset breakout synergy filter
Details
Published by
majixai on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Candlestick patterns, Breakout, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Base Vol Coefficient | float | 1.5 | b_cf |
| Common Period | int | 14 | al_pr |
| Source | source | close | al_sr |
| HTF Background TF | timeframe | 15 | hf_in |
| Layer 1 Period (Micro) | int | 20 | c_l1 |
| Layer 2 Period (Macro) | int | 40 | c_l2 |
| Layer 3 Period (Global) | int | 80 | c_l3 |
| Volume Profile Buckets | int | 10 | vp_bk |
| Breakout Fib Multiplier | float | 1.618 | bk_ml |
| Show Candlestick Labels | bool | true | sh_cp |
| Draw Macro Pattern Lines | bool | true | sh_mp |
| Pivot Lookback | int | 10 | pv_lb |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pattern Tolerance (%) | float | 0.02 | st_tl |
| Bullish Pattern Color | color | color.new(color.lime, 0) | p_clB |
| Bearish Pattern Color | color | color.new(color.red, 0) | p_clR |
| Primary Engine Mode | string | All Models | strat_mode |
| Enable Harmonics | bool | true | use_harmonics |
| Enable Classical Patterns | bool | true | use_classical |
| Enable Candlestick Engine | bool | true | use_candles |
| Enable Topology Manifold Validation | bool | true | use_topology |
| Garbage Collection Mode | string | Aggressive | mem_mode |
| Forecast Horizon (Bars) | int | 20 | fc_hz |
| Feedback Learn Rate | float | 0.1 | lr_rt |
| Bayesian Lookback | int | 500 | by_lb |
| Enable Mean Reversion Gravity | bool | true | en_mr |
| Conic Refresh Mode | string | After target hit/miss | up_md |
| Model Weights (Kin / Bayes / MR) | text | 1.0 0.5 0.2
0.2 1.0 0.5
0.5 0.2 1.0 | wt_in |
| Require Cross-Asset Synergy | bool | true | rq_syn |
| Relaxed Synergy (any 1 of 3) | bool | true | rl_md |
| MACD Fast Length | int | 12 | f_ln |
| MACD Slow Length | int | 26 | s_ln |
| MACD Signal Length | int | 9 | sg_ln |
| Primary Symbol | symbol | NASDAQ:AAPL | s_1 |
| Correlation Symbol 2 | symbol | NASDAQ:MSFT | s_2 |
| Correlation Symbol 3 | symbol | NASDAQ:GOOG | s_3 |
| Max Concurrent Trades | int | 3 | mx_tr |
| Stop ATR Multiplier | float | 1.1 | rk_bf |
| Target Risk:Reward | float | 2.0 | rw_ml |
| Risk-Free Rate | float | 0.05 | rf_rt |
| Days to Expiration | float | 30.0 | t_ex |
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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