Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading. It evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long posit
Strategy · Pine Script v6 · On the chart
Linear Regression Channel
This strategy builds a linear-regression midline of close and places upper and lower bands at a multiple of close standard deviation.
GitHub stars1on the repository
Pine versionv6current
Lines of code40
Settings2inputs
LicenceApache-2.0
Last update5 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
40 lines of Pine Script v6 from validation/ta-linreg-stdev-channel-revert-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe 08 — linear-regression channel mean-reversion
// Purpose: parity test for ta.linreg() + ta.stdev() band construction and
// inside-bar reversal entry.
//
//@version=6
strategy("Linear Regression Channel", overlay=true, initial_capital=1000000, process_orders_on_close=false, pyramiding=1, commission_type=strategy.commission.percent, commission_value=0, slippage=0, default_qty_type=strategy.fixed, default_qty_value=1)
// === Inputs ===
regLen = input.int(50, "Regression Length", minval=10)
devMult = input.float(2.0, "Deviation Multiplier", step=0.1)
// === Linear Regression ===
regLine = ta.linreg(close, regLen, 0)
regDev = ta.stdev(close, regLen) * devMult
upperBand = regLine + regDev
lowerBand = regLine - regDev
// === Mean reversion signals ===
longCond = close < lowerBand and close > close[1]
shortCond = close > upperBand and close < close[1]
// === Strategy ===
if longCond
strategy.entry("Long", strategy.long)
if shortCond
strategy.entry("Short", strategy.short)
// === Exit at regression line (mean) ===
if strategy.position_size > 0 and close > regLine
strategy.close("Long")
if strategy.position_size < 0 and close < regLine
strategy.close("Short")
plot(regLine, "Regression", color=color.yellow, linewidth=2)
plot(upperBand, "Upper", color=color.red)
plot(lowerBand, "Lower", color=color.green)
Overview
Linear Regression Channel enters long when price is below the lower band and the close rises versus the prior bar, and short when price is above the upper band and the close falls. Open longs close once price is back above the regression line, and shorts close once price is back below it. Length and deviation multiplier change the channel. It plots on the price chart and has no stop loss.
- Linear regression midline
- Standard-deviation channel bands
- Reversal entries outside the bands
- Mean-line position exits
- Adjustable length and deviation
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Regression Length | int | 50 | regLen |
| Deviation Multiplier | float | 2.0 | devMult |
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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