This mean-reversion strategy plots Bollinger Bands and a long-term moving average directly on the price chart. It enters trades when price candles penetrate the outer Bollinger Bands beyond a user-defined body percentage, anticipating a price reversal. Entries
Strategy · Pine Script v4 · On the chart
MA+ATR+ADX+PP Strategy
MA+ATR+ADX+PP Strategy is a trend-following system that plots a simple moving average with an ATR-based envelope directly on the main price chart.
GitHub stars8on the repository
Pine versionv4older, still runs
Lines of code210
Settings25inputs
LicenceNone stated
Last update4 years ago20 Aug 2022
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
MA+ATR+ADX+PP Strategy changes trend state to bullish when the low exceeds the upper envelope, and bearish when the high breaks below the lower envelope, coloring the chart background accordingly. The strategy enters long or short market or limit positions when the trend flips, filtered by a user-defined date window. It manages capital allocation based on equity percentage and reverses trades on trend direction changes, but features no native stop loss or take profit levels.
- SMA and ATR envelope trend filter
- Market and limit order entry modes
- Custom date range for backtesting
- Dynamic background trend color visualization
Details
Published by
PipC on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| MA Source | source | ohlc4 | src |
| Buy | bool | true | needlong |
| Sell | bool | true | needshort |
| Capital, % | int | 100 | capital |
| MA Length | int | 30 | len |
| limitmode | bool | false | limitmode |
| From Year | int | 1900 | fromyear |
| To Year | int | 2100 | toyear |
| From Month | int | 01 | frommonth |
| To Month | int | 12 | tomonth |
| From day | int | 01 | fromday |
| To day | int | 31 | today |
Show all 25 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR | int | 14 | atrLen |
| ATR Multiplier - ADX Rising | float | 3.5 | m1 |
| ATR Multiplier - ADX Falling | float | 1.75 | m2 |
| Inverval (i.e. 15, 60, 240, D, W) | string | 60 | dintval |
| Use Chart Interval | bool | false | useIntval |
| Band Pip/Tick Size Around Stop | int | 1 | bandHalfWidth |
| Use Band Around Stop? | bool | false | showBand |
| ADX | int | 14 | adxLen |
| ADX Threshold | int | 25 | adxThresh |
| ADX Above Threshold uses ATR Falling Multiplier Even if Rising? | bool | true | aboveThresh |
| Use Heikin-Ashi Bars (Source will be ohlc4) | bool | false | useHeikin |
| leftBars | int | 4 | leftBars |
| rightBars | int | 2 | rightBars |
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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