This indicator fits a quadratic surface to normalized bar index and second axis data derived from close price, volume or RSI over a lookback period. It classifies the resulting conic sections into ellipses, parabolas or hyperbolas to extract and plot curved po
Pine Library · 657 open-source scripts
Free Mean Reversion Pine Scripts (page 11)
Open-source Pine scripts that bet on a stretched price returning to its average: band fades, oscillator extremes and statistical tools.
Pine scripts657
Code shown here317open licence
Updated in a year411
No repaint flag586
Mean reversion: Indicators, Strategies and Libraries
This strategy combines Bollinger Bands and the Relative Strength Index (RSI) to execute mean-reversion trades directly on the main price chart. It opens long positions when price drops below the lower band with an oversold RSI reading, and opens short position
This strategy combines a fast Hull Moving Average with Bollinger Bands to generate mean-reversion signals. It opens a long position when the calculated Hull Moving Average crosses above the lower Bollinger Band, and opens a short position when it crosses below
Calculates the statistical cointegration between the current chart instrument and a user-selected secondary ticker using the Engle-Granger method. It evaluates the stationarity of the regression residuals and plots the Augmented Dickey-Fuller test statistic in
This indicator tracks the low of day and high of day during the specified RTH session hours in the New York timezone. It calculates the high at the current low of day (lod_h) and the low at the current high of day (hod_l). Horizontal lines are drawn at these l
An overlay indicator that classifies the market into regimes such as trend, chop and squeeze using ADX, range efficiency, relative volume, ATR expansion and VWAP slope. It also measures how far price is from VWAP and an EMA to flag rich, cheap or extreme readi
An indicator component that calculates 20-period Bollinger Bands with a 2.0 deviation multiplier and plots the basis, upper and lower bands with a shaded fill. It also converts band contact into a weighted score: a score when the close is below the lower band
Flawless Victory Strategy is a mean-reversion overlay that combines Bollinger Bands, RSI, and Money Flow Index (MFI) to identify trade entries and exits. The script provides three preset configuration modes: Version 1 executes signals without target exits, whi
VWMA_WF plots a 24-period volume-weighted moving average of the 60-minute hlc3 price on the chart, plus percentage offset bands. It draws a long label when price is at or below the lower band and a down fractal is confirmed, and it sends a short alert when pri
The FTB Strategy is a short-only overlay strategy targeting EURUSD during the European session from 0200-0700. It enters short positions when filters confirm RSI overbought, a bullish prior bar close, or a high price level within lookback bars, combined with a
This indicator creates a heatmap table in a separate pane showing cointegration strength between a user-defined list of symbols. It calculates aligned returns from sum and difference spreads for each symbol pair, then derives a cointegration proxy as the resid
This strategy identifies mean reversion opportunities using ATR bands on the price chart. It enters long positions when price touches the lower band (open minus ATR) with no open position and within the set time filter. Positions exit on the upper band breach,
This indicator applies the hyperbolic tangent to a chosen source series and plots the result in a separate pane. It centers the transform on a 200-bar simple moving average of that source, multiplies the deviation by a steepness factor, and maps the output int
Dynamic Extreme Channels & Reversals tracks evolving price highs and lows to plot adaptive channel bands and a midline directly on the price chart. When no new extremes occur within the specified lookback window, the channel boundaries interpolate toward price
The SVIX Bollinger Bands Strategy V2 uses Heikin-Ashi price calculations to plot customized Bollinger Bands and Keltner Channels directly on the price chart. It triggers a long entry when the Heikin-Ashi close crosses above the lower Bollinger Band. The strate
Draws a moving price level that bounces between the highest high and lowest low of a rolling window, 50 bars by default, with the range midline and a mirrored close line on the price chart. Buy and sell labels appear when price crosses the mirrored line or the
This strategy plots multi-timeframe Bollinger Bands on the price chart and trades mean reversion around them. It enters long when the close is below the higher-timeframe lower band and, if enabled, short when the close is above the upper band. An optional high
This indicator plots an anchored MIDAS support and resistance curve from launch-anchored volume-weighted price on the price chart. It adds two configurable volume-weighted standard-deviation, ATR, or hybrid bands and a topfinder or bottomfinder accelerated exh
This strategy plots Bollinger Bands on the chart timeframe and a second pair from a selectable higher timeframe. It averages the two upper bands and the two lower bands, then shades the space between matching bands. It opens a long when the close falls below t
Calculates a custom Volume Weighted Average Price (VWAP) over a user-defined rolling period using standard HLC3 price data. It plots the central VWAP value alongside upper and lower percentage bands positioned 0.7 percent above and below the main average line.
Plots a dynamic level at the midpoint of the 50-bar high-low range and prints BUY or SELL markers on the price chart. It compares the recent summed distance between price and that level with earlier windows stepped back through history, and counts how often pr
Automatic Grid Bot Strategy simulates a grid trading system directly on the main price chart. It sets upper and lower price range boundaries and splits the defined range into grid levels to trade long, short, or both directions simultaneously. Users can config
Xiao Martin is a Martingale DCA strategy that buys long positions as price drops. It enters an initial long trade and adds subsequent orders whenever price decreases by a user-defined percentage from the last entry price, subject to a cool-down period and bar
This Dollar-Cost Averaging (DCA) strategy enters trades using signal triggers from MACD, MFI, RSI, or Stochastic RSI. When price moves against the position, it executes Martingale safety orders using customizable volume multipliers and step percentages. Exits
This indicator plots the Relative Strength Index (RSI) and its Bollinger Band percentage bandwidth (%B) deviation directly on the price chart. It calculates RSI from a user-defined source and length, applies an EMA, and derives the %B deviation using a configu
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
This strategy calculates smoothed average Stochastic lines using exponential moving averages applied to traditional Stochastic values. It triggers long entries when the averaged %K crosses above averaged %D while below 20, and short entries when %K crosses bel
This strategy enters long positions every Monday at 00:00 UTC on the 15-minute chart. It computes quantity as 10 percent of current equity divided by the bar close, rounded to three decimal places for stability. Market orders open the position and it flattens
This statistical arbitrage strategy uses matrix algebra to calculate dynamic Ordinary Least Squares regression parameters between the chart symbol and a secondary asset. It constructs a synthetic spread and calculates its Z-score. The strategy enters a long po
An oscillator shown in a separate pane. It builds an RSI centred on zero with a short default length, smooths it with an EMA, and measures how far the RSI sits from that average in standard-deviation units, similar to Bollinger %B. Dashed lines mark plus and m
Calculates standard Bollinger Bands and identifies band expansion breakouts where upper and lower bands move in opposite directions. It enters long positions when price breaks above the upper band with a high candle body percentage, and enters short positions
This strategy opens a long position at the start of each Monday at midnight by sizing it to 50% of current equity divided by the close price. It automatically flattens the position on the next bar close. No stop loss or take profit is used. The strategy runs o
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
This indicator implements a dual-direction variation of the Williams Vix Fix oscillator in a separate pane. It normalizes price data using min-max scaling to compute both upward and downward synthetic volatility metrics across two selectable calculation modes
This long-only strategy trades intra-range mean reversion using standard or augmented Bollinger Bands overlayed on the main price chart. It triggers long entries when price dips below the lower band, provided the band spread stays within a defined threshold. E
This strategy measures the percentile rank of bar-to-bar close changes and plots that rank in a separate pane with a five-bar simple moving average and fixed overbought, oversold, and midline levels. It enters long when the rank is below the oversold threshold
Plots the time weighted average price on the price chart: a running average of a chosen source, ohlc4 by default, that restarts whenever the selected anchor period begins, one day by default. Inputs set the anchor timeframe, source and an offset. Unlike VWAP,
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
This indicator plots standard Bollinger Bands directly on the price chart using hardcoded settings of a 5-period length and a 4 standard deviation multiplier. It displays the middle basis line in blue, the upper and lower outer bands in green, and fills the ch
This strategy trades breakouts beyond custom Bollinger Bands and closes positions upon mean reversion back to the central moving average. It enters long when the close crosses above the upper band and exits when the close crosses below the simple moving averag
This indicator identifies mean-reversion setups by combining Bollinger Bands with Fair Value Gaps (FVGs). It tracks FVGs that print outside the upper or lower Bollinger Bands and counts them toward an alert threshold. Signals trigger upon gap mitigation (by to
This strategy adjusts position sizing through a dynamic 3x3 risk matrix that factors ADX trend strength against ATR volatility relative to its SMA. It applies the chosen risk appetite and base risk percentage to compute equity-based lot sizes using ATR-derived
This indicator tracks Tom DeMark TD Sequential setup counts in a separate pane. It compares the current close to the close four bars earlier, accumulating positive counts during upward momentum and negative counts during downward momentum. The values display a
This indicator plots symmetry lines derived from two user-defined lines on the price chart. It calculates mirrored price values (symmetries) relative to the source price and cross-symmetry points between the lines. The main settings let users adjust the time a
Exceeded Candle [Alorse] is a mean-reversion strategy that identifies candlestick engulfing patterns combined with Bollinger Bands filters. It enters a long position when a green candle surpasses the body of the previous red candle while price is below the mid
This indicator tracks completed cycles of a selected bounded oscillator from one extreme zone to the opposite extreme. It stores historical attempts and reports how often the opposite zone was reached, conditioned on progress already made, cycle age, and a tre
A mean-reversion strategy that buys when price closes below a Bollinger Band while RSI stays above a floor level, and exits on upper-band breaks combined with RSI or MFI conditions. Three selectable versions exist: the first has no stop loss or take profit, wh
A strategy that buys pullbacks in uptrends and sells rallies in downtrends. Trend comes from fast and slow EMAs with a minimum slope, an optional higher-timeframe EMA check defaulting to daily, and an ADX filter. A setup arms when price stretches an ATR distan
More Pine Script Categories
Third-party code. ForexR lists open-source Pine scripts from GitHub; it did not write, test or endorse them, and their summaries are generated automatically from each script's code and README. Indicators describe the past, and a strategy's backtest can look better than live trading. Check a script on a demo account before you rely on it. CFDs and leveraged forex are complex instruments with a high risk of losing money rapidly.
Learn to Use Pine Scripts
Free, plain-English guides: add a script to TradingView, read what it does, test it and avoid the common traps.
- 1Using this librarySearch, filters, licences and what the badges mean.
- 2Add a script to TradingViewCopy, paste into the Pine Editor, save and add to chart.
- 3Indicators, strategies and librariesWhat each type does and how to tell them apart.
- 4Spot a script that repaintsWhy some signals change after the bar closes.
- 5Backtest a strategyStrategy Tester settings that keep results honest.
- 6Send alerts to MT4 or MT5From a TradingView alert to an order in MetaTrader.
- 7What Pine Script isThe language, what it can and cannot do, and where to start.
- 8Write your first indicatorA complete script, line by line, in the Pine Editor.
- 9Read a script before you trust itA routine for checking inputs, logic and red flags.
- 10Edit a script safelyChange colours and lengths, add a filter or an alert.
- 11Pine Script alertsalertcondition(), alert(), placeholders and webhooks.
- 12Build a crossover strategyAn EMA cross strategy with an ATR stop, ready to test.
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