This strategy plots Bollinger Bands on the price chart with adjustable length, standard deviation, and offset. It defines buy and sell zones using candle size percentage and body size thresholds. Long positions enter when the lower zone is breached without con
Strategy · Pine Script v6 · On the chart
Mean Reversion Strategy Template
The Mean Reversion Strategy Template calculates a baseline mean using SMA, EMA, or VWAP alongside upper and lower deviation bands based on standard deviation, ATR, or percentage offsets.
GitHub stars218on the repository
Pine versionv6current
Lines of code150
Settings20inputs
LicenceNone stated
Last update3 months ago23 Jul 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
Mean Reversion Strategy Template generates long and short entries when price touches, bounces from, or crosses the outer bands, filtered optionally by RSI extremes and a trend moving average. Trades exit at the mean, opposite band, or fixed risk-reward target, with an optional ATR-based stop loss. The strategy plots bands directly on the price chart.
- SMA, EMA, and VWAP baseline options
- StdDev, ATR, and percentage deviation bands
- Flexible entry triggers including bounce and touch
- RSI extreme and moving average trend filters
- ATR stop loss and flexible profit target modes
Details
Published by
TradersPost on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Moving averages, Volatility & bands
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 |
|---|---|---|---|
| Mean Type | string | SMA | meanType |
| Mean Length | int | 20 | meanLength |
| Deviation Type | string | StdDev | deviationType |
| Deviation Multiplier | float | 2.0 | deviationMultiplier |
| Deviation % | float | 2.0 | deviationPercent |
| Entry Mode | string | Bounce | entryMode |
| Confirm Reversal | bool | true | confirmReversal |
| RSI Filter | bool | true | useRSIFilter |
| RSI Length | int | 14 | rsiLength |
| RSI Oversold | int | 30 | rsiOversold |
| RSI Overbought | int | 70 | rsiOverbought |
| Trend Filter | bool | false | useTrendFilter |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trend MA Length | int | 50 | trendLength |
| Use Stop Loss | bool | true | useStopLoss |
| Stop Loss ATR | float | 1.5 | stopLossATR |
| ATR Length | int | 14 | atrLength |
| Target Mode | string | Mean | targetMode |
| Fixed R:R | float | 2.0 | fixedRR |
| Long Only | bool | false | longOnly |
| Short Only | bool | false | shortOnly |
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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