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. It exits when RSI exceeds 70 and price is above the upper band. MACD moving average types, ban
Pine Library · 657 open-source scripts
Free Mean Reversion Pine Scripts (page 12)
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
An indicator on the price chart that highlights a possible dip entry by shading the background green. The condition is a MACD line crossing above its signal line while MACD is at or below zero and the 14 period RSI sits under a buy threshold, 52 by default. Th
A price-chart indicator that looks for fade setups after price raids the edge of a completed session or prior-day range and closes back inside. It requires the Gann half-range level to sit at least a set number of R away, sizes the stop beyond the raid using A
This strategy enters long when WaveTrend reads the market as oversold and short when it reads the market as overbought. It draws on the price chart and uses a reverse strategy type with optional start and stop dates. Stop loss is enabled by default and can fol
This indicator classifies market behavior into momentum, mean-reversion, noise, or mixed regimes. It fuses four statistical predictability sensors—Variance Ratio across multiple horizons, return autocorrelation, Hurst exponent approximation, and fractal effici
This strategy executes trades based on Bollinger Band crossovers on the price chart. It calculates a simple moving average basis along with standard deviation bands. When the closing price crosses above the lower band, it places a long stop order, and when pri
This strategy detects Low Volume Node rejection and acceptance signals on the price chart using an SMA basis and ATR bands. It calculates LVN upper and lower bands as the basis plus or minus the width multiplier times ATR. Long entries trigger on rejection or
This strategy trades mean-reversion setups using the Bollinger Bands Percent Bandwidth (%B) oscillator plotted in a separate pane. It calculates upper and lower bands using a simple moving average and standard deviation multiplier. Long positions are entered w
Calculates mean reversion signals using statistical deviation metrics such as MAD, Standard Deviation, ATR, Z-Score, IQR, or Mean AD relative to customizable moving averages. It applies optional volume spike thresholds and trend filters to generate bullish and
An indicator in a separate pane that plots how far price is from an anchored volume weighted average price, as a percentage of the VWAP. The VWAP itself is drawn on the price chart. Percentile lines over a chosen number of bars mark the two upper and lower ext
This strategy executes pullback trades based on internally computed Bollinger Bands and candle price action directly on the main price chart. It tracks breakout and pullback states to trigger long and short entries. Users can select among three distinct take p
This strategy dynamically switches between breakout and mean-reversion modes based on market volatility. It compares the Average True Range (ATR) against a simple moving average lookback to classify the regime as high or low volatility. During low volatility,
BEAM DCA Strategy Monthly calculates long-term risk bands around a moving average baseline to implement a monthly dollar-cost averaging strategy. It normalizes asset risk between 0 and 1, placing buy orders when risk falls below 0.5 on a specific day of the mo
The strategy uses RSI(14) on closing prices to detect upward crossovers above 50 for long entries and downward crossovers below 50 for exits. A protective stop loss is placed at the midpoint between open and high on the entry bar to handle mid-bar fills via ma
This strategy combines Larry Williams' Vix Fix synthetic volatility indicator with Bollinger Bands. It calculates standard and inverted Williams Vix Fix metrics, displaying them as histogram columns with standard deviation bands in a separate pane. Long entrie
This indicator measures statistical price deviations using the mean and standard deviation of logarithmic price. Plotted in a separate pane, it identifies overvalued and undervalued market conditions relative to a calculated fair-value baseline. Standard devia
This strategy enters long positions when the Relative Strength Index drops into oversold territory on a confirmed bar. It exits when RSI rises back to a target sell level, provided an optional minimum profit percentage threshold is satisfied. At trade entry, a
The Pretty Good Oscillator calculates the distance between the selected price source and its simple moving average, normalized by the Average True Range over a specified period. It renders as an oscillator line in a separate pane alongside a zero line and thre
A strategy that changes its entry type with volatility and uses a 200 EMA as a direction gate, long above and short below. When ATR is below its average it fades moves beyond the prior range. When ATR is expanding it takes range breakouts that close with a str
This indicator calculates standardized z-scores of price data across four different lookback periods (6, 14, 26, and 100). Standardizing data subtracts the moving average from the price and divides by the standard deviation. It applies a Double Exponential Mov
This strategy evaluates market trend direction using a Noro TrendRibbon and creates a price corridor based on recent moving-average extremes, plotting directly on the price chart. It executes long entries when price dips below the corridor during an upward tre
Rolling Z-Score Trend [QuantAlgo] calculates a rolling Z-score using mean and standard deviation over a user-defined lookback window to evaluate statistical price deviations and momentum. Plotted in a separate indicator pane, it displays the rolling Z-score li
A strategy based on Bollinger Bands that enters long positions when price crosses above the lower band and short positions when price crosses below the upper band. Take-profit, stop-loss, and scale-in price levels are dynamically calculated from the position a
A trend-following strategy that combines the Noro TrendRibbon direction filter with high and low moving average corridors. It determines the dominant market direction from the trend ribbon and opens positions when price moves outside the corridor, taking long
Signal Quality Engine [WavesUnchained] is a range-fade indicator that identifies exhaustion at range extremes and signals potential reversals. It applies an ADX and EMA slope regime gate to stand down during strong trends. Using distance, structure, and moment
S Trailing is a Pine Script v6 strategy that applies trailing stops to periodic cycle-based entries. It divides the bar index into cycles of 40 bars and activates at specific phases: long entry with trailing price stop at phase 0, short entry at phase 14, plus
The strategy monitors the lower timeframe close crossing above the previous daily high obtained via request.security on the daily chart. It enters a long position of one unit upon detection of this cross-up condition and closes the position when the close fall
This strategy plots a 20-period Bollinger Band and a 9-period EMA on the price chart. It opens a long when the prior close is below the lower band and the current candle is bullish, and a short when the prior close is above the upper band and the current candl
This strategy uses Noro TrendRibbon direction to set a long or short bias, then opens a trade when price leaves a high-low corridor built from recent candles. A long opens below the corridor in a long bias, and a short opens above it in a short bias, sized fro
This indicator calculates normalized percentage bounds around price highs and lows to anticipate local trend reversals. It oscillates within a fixed -1 to 1 channel and plots two boundary tracking curves alongside a background Karobein oscillator histogram for
Calculates normalized reversal metrics across up to ten Forex currency pairs using user-selected moving average methods, including HarmonicMA, EMA, SMA, or WMA. The indicator identifies overbought, oversold, and mean-crossing conditions using a configurable th
This strategy executes short trades based on Bollinger Bands and the Relative Strength Index (RSI). It plots the Bollinger Bands on the price chart and enters a short position when the closing price crosses above the upper band while RSI remains below 70. An e
This strategy identifies pivot-based Darvas Box levels on the price chart and trades re-entries following box sweeps. A long position arms when the price dips below the lower boundary and triggers when it closes back inside, provided the price is above a highe
This strategy calculates standard Bollinger Bands using a Simple Moving Average and standard deviation multiplier. It enters alternating long positions when price crosses above the lower band and short positions when price crosses below the upper band. Open tr
This strategy calculates standard Bollinger Bands using a Simple Moving Average and standard deviation multiplier to identify entry conditions. It triggers pending stop orders and outputs formatted alert messages compatible with TradingConnector for automated
Calculates the rolling Z-score of an input price series over a specified lookback window. It uses a sliding window array to maintain rolling sums and calculate the sample mean and sample standard deviation incrementally, accounting for missing values. The resu
The Breakeven Line Demo strategy is a Pine Script demonstration tool designed to visualize the average position price of stacked trades. It enters long positions after seven consecutive bearish candles and short positions after seven consecutive bullish candle
Calculates John Ehlers' Reflex indicator to measure price cycle reversal tendencies and trend direction with low lag. The script pre-filters price data using a two-pole Super Smoother Filter, measures linear extrapolation slope deviations over a lookback windo
PF Probe 4EMA-RSI Probe 02 RSI Pullback is a stateful momentum strategy that triggers trades based on Relative Strength Index dip-and-recovery patterns. It arms a persistent long variable when RSI drops below a pullback threshold and opens a long trade when RS
This indicator implements a distance-based pair trading strategy applied across two timeframes of the same instrument. It calculates the spread or statistical distance between price data on the active chart and a secondary timeframe using selected metrics like
This strategy plots RSI on the price chart and enters a long when RSI falls below the oversold level or a short when it rises above the overbought level, only while flat. It exits with a take profit and stop loss measured in pips from the current close. Inputs
This strategy calculates the Relative Strength Index (RSI) to generate mean-reversion signals based on multi-tier overbought and oversold thresholds. When the RSI falls below the oversold levels without an active trade, it enters a long position; conversely, w
This strategy runs on the price chart to identify trade entries using volume sequences, specifically tracking consecutive declining volume candles followed by a volume surge at lower price levels. It provides webhook execution support for Zignaly copy trading
A price-chart indicator that classifies the market into trend, range, transition or shock regimes using an adaptive core, ATR, ADX, choppiness and efficiency measures. Each regime has its own sleeve: trend-following on structure and momentum, range-edge revers
This indicator uses array operations to track recent high and low values. It defines helper functions to insert values into a fixed-size array. On each bar it calculates the 10-bar highest high and lowest low, then checks for the formation of a new high or low
This strategy identifies volume-based rebound signals on the price chart. It detects three or more consecutive lower volume candles followed by a higher volume candle, with price remaining lower from the start of the volume sequence, signaling potential long e
A price-chart indicator that combines trend, range edge reversal and transition breakout sleeves, with shock conditions blocking new signals. It uses an adaptive core, causal trail, completed ranges and a previous completed higher-timeframe filter. Presets suc
This overlay indicator plots a session VWAP that resets daily plus pivot-anchored VWAP highs and lows. It marks price crosses of those VWAPs, crosses between session and anchored VWAPs, and clusters where several VWAP lines sit close together. Display mode, cl
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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