This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v6 · On the chart
JoppanFX | Price Mean Deviation Protocol
This indicator calculates a rolling price mean using a simple moving average of OHLC4 prices alongside standard deviation bands plotted directly on the price chart.
GitHub stars4on the repository
Pine versionv6current
Lines of code61
Settings6inputs
LicenceNone stated
Last update3 weeks ago6 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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
JoppanFX | Price Mean Deviation Protocol projects an upper and lower envelope based on a user-defined deviation multiplier to highlight statistical extremes. When a confirmed bar closes outside the upper or lower deviation band, the script recolors the candlestick. Users can customize the lookback period, deviation multiplier, line colors, and background shading between bands.
- Rolling OHLC4 price mean basis calculation
- Standard deviation volatility envelope
- Confirmed bar recoloring on band breakouts
- Customizable band shading and visual styling
- Luminance-adaptive watermark display
Details
Published by
joppanfx on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Mean reversion, Moving averages
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Basis Lookback (Periods) | int | 48 | basisLen |
| Deviation Multiplier | float | 2.0 | devMult |
| Basis Line | color | color.gray | baseColor |
| Upper Band | color | color.new(#ff0055, 0) | upperColor |
| Lower Band | color | color.new(#00ff08, 0) | lowerColor |
| Show Band Shading | bool | true | showFill |
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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