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 v4 · On the chart
MACD + BB + RSI
A Pine version 4 strategy on the price chart that buys when the MACD line crosses above its signal line while RSI is below 50 and price is under the Bollinger basis.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code69
Settings15inputs
LicenceNone stated
Last update1 year ago17 Jan 2025
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
MACD + BB + RSI exits when RSI exceeds 70 and price is above the upper band. MACD moving average types, band settings and RSI length are adjustable. An optional stop loss, off by default, can be set by percentage or ATR multiple. It trades long only.
- MACD cross with RSI and Bollinger basis filter
- Exit on RSI above 70 and upper band
- Selectable SMA or EMA for MACD
- Optional percent or ATR stop loss
Details
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Version | string | txtVer | version |
| Source | source | close | src |
| Fast Length | int | 12 | fast_length |
| Slow Length | int | 26 | slow_length |
| Signal Smoothing | int | 9 | signal_length |
| Oscillator MA Type | string | EMA | sma_source |
| Signal Line MA Type | string | EMA | sma_signal |
| Length | int | 20 | length |
| StdDev | float | 2.0 | mult |
| Length | int | 14 | lenRSI |
| ╔══════ Enable ══════╗ | bool | false | useSL |
| Based on | string | Percent | SLbased |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Mult | float | 10.0 | multiATR |
| Length | int | 14 | lengthATR |
| Percent | float | 10 | SLPercent |
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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