This strategy executes trades based on Bollinger Bands with optional filter conditions from RSI and MACD oscillators. It overlays on the price chart and plots MACD lines directly across the bars. Entries trigger according to band interactions combined with mom
Pine Library · 657 open-source scripts
Free Mean Reversion Pine Scripts (page 14)
Open-source Pine scripts that bet on a stretched price returning to its average: band fades, oscillator extremes and statistical tools.
Pine scripts657
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Mean reversion: Indicators, Strategies and Libraries
Big Bar Strategy identifies unusually large candles relative to a moving average of recent bar body sizes. It executes contrarian trades by opening long positions following a large bearish bar and short positions after a large bullish bar, with an optional con
Time Machine is an overlay indicator that calculates historical price reflections using Fibonacci levels, SMA variants, Bollinger Bands, VWAP, and spiral spine methods. It plots symmetric price lines around dashed levels and dynamic indicator lines, plus area
This long-only strategy combines a five-bar RSI with Bollinger percent B and bandwidth on the current close and the close three bars earlier. It opens a long when a local low around that earlier bar falls inside a bar-count window and current percent B stays i
This Pine Script strategy implements a custom long-only EMA crossover on the price chart. It defines a UDT struct Cfg with a threshold method that accepts default parameter values. The strategy computes RSI and ATR indicators then uses three call styles to the
This strategy combines Volume Weighted Moving Average (VWMA) Bollinger Bands with 200-period and 50-period Exponential Moving Averages (EMAs). It identifies long trade opportunities when the 50 EMA is above the 200 EMA and price falls to or below the lower Fib
This strategy plots RSI in a separate pane and combines it with Bollinger Bands calculated on the selected source. It opens a long when RSI is below 30 and price is below the lower band, then closes that long when RSI rises above 70. Percentage take-profit and
This strategy combines Stochastic RSI and a normalized Bollinger Bands calculation into a composite oscillator named MIX, plotted in a separate pane. Long positions are entered when the MIX line crosses above the oversold threshold of 20. The strategy utilizes
This strategy executes trades based on one of two selectable regimes: trend-following or mean reversion. In trend mode, it enters long positions on a bullish EMA crossover and exits on a bearish crossover. In reversion mode, it buys when the RSI dips below an
This strategy calculates a simple moving average basis flanked by three upper and three lower volatility bands scaled using Fibonacci ratios of the Average True Range. It enters long when the bar intersects a chosen target band and enters short when price touc
This strategy computes a rolling mean return over the last sampleCount bars and a price percent rank over rankLength bars. It also calculates RSI and ATR values. Long entries trigger when the price rank crosses above the entry rank threshold while the rolling
This strategy plots Bollinger Bands on the price chart using an EMA or SMA basis and a matching standard-deviation calculation. It enters long when price crosses back above the lower band and short when price crosses back below the upper band. An optional Intr
This strategy plots Bollinger Bands and an exponential moving average on the price chart. It enters long when price touches the lower band above the EMA and a bearish candle is followed by a bullish candle, and enters short on the mirrored upper-band setup. Ex
This strategy calculates Bollinger Bands and RSI to trigger dollar-cost averaging buy orders. It enters long positions whenever the closing price dips below the lower Bollinger Band while the RSI is below 50. Order units are calculated dynamically based on a f
This strategy attempts to capture temporary market dips by identifying high-volume spikes during oversold conditions. It enters a long position when volume exceeds a upper standard deviation channel based on its simple moving average while the RSI remains belo
BT-5M-1H is a mean-reversion strategy designed for 5-minute charts that simulates 1-hour Bollinger Bands to identify overbought and oversold conditions. It takes positions when price crosses standard deviation multiplier levels and exits using configurable log
Bulle de bollinger is a price-chart strategy that plots a 20-period simple moving average and two-standard-deviation Bollinger bands, with a fill between the bands. It enters long when the prior bar's open and close are below the lower band, and short when the
PineForge — Constellation Bands is a mean-reversion strategy displayed on the price chart. It calculates standard Bollinger Bands alongside price volatility. A long entry triggers when the close price crosses back above the lower band while remaining below the
This strategy uses RSI with bull and bear threshold crossovers to trade opposite market pairs. It enters long when RSI crosses above 58 and short when below 42, automatically closing the opposite position first. Entry size is 8 percent of equity with 0.05 perc
Calculates a historical dip level based on the lowest low over a specified lookback period. It enters a long strategy position when the current bar close falls below the previous dip level. Positions are managed with take profit and stop loss exits placed at f
Buy The Dips - MA200 Optimised is a mean-reversion strategy that measures short-term percentage price changes alongside a simple moving average trend filter. It opens long positions when price experiences a steep drop exceeding three percent while remaining ab
This trend-following strategy identifies buying opportunities during bullish pullbacks on the price chart. It defines a bull market when the 50-period simple moving average trades above the 200-period moving average. Long entries trigger when the RSI drops bel
This strategy detects daily opening gaps and trades them on the price chart. It marks an up or down gap from the current open and close versus the previous bar, then stores the prior extreme as the fill level. By default it buys down gaps and shorts up gaps, e
This strategy plots a smoothed historical price anchor on the price chart by averaging historical closing prices. It enters a long position when price crosses under an entry threshold set below the smoothed anchor. The trade closes when price crosses back abov
This strategy plots in a separate pane and tests a selected oscillator with one of six entry logics: moving average, moving-average crossover, zero cross, extremes, mean reversion, or take profit. Users scale and time-adjust one of three oscillators and can li
This strategy combines two sets of Bollinger Bands with a Laguerre RSI oscillator plotted on the price chart. It generates buy and sell signals when price touches the upper or lower bands or zones. The strategy allows enabling or disabling entries and includes
This strategy executes long trades on cryptocurrency charts using initial entry signals derived from MACD, Stochastic RSI, or ATR channel logic. When an active position drops below a designated percentage threshold, the strategy automatically adds to the trade
Calculates dynamic entry and exit price levels based on rolling lowest and highest bars with optional Average True Range (ATR) offsets. It places limit orders to enter long positions at the lowest price level and exits at the highest price level. An optional t
Kane Bollinger Bands calculates and plots traditional Bollinger Bands alongside a percentage change plot for upper band movement directly on the main price chart. It establishes a Simple Moving Average basis line and generates upper and lower channel boundarie
Calculates the Relative Strength Index (RSI) and wraps Bollinger Bands directly around the RSI series rather than price. It enters long positions when the RSI drops below its lower band and hooks back upward, and enters short positions when the RSI exceeds the
This strategy calculates a smoothed Stochastic RSI oscillator and generates trading signals based on overbought and oversold crossovers. It opens a long position when the %K line crosses above %D while below the oversold threshold, and enters short when %K cro
The RSI Strategy calculates the Relative Strength Index with a user-defined length. It generates long entries on crossover above the oversold threshold and short entries on crossover below the overbought threshold. The strategy overlays signals directly on the
This strategy detects Fair Value Gaps on the price chart using 3-bar candle imbalances filtered by ATR. It maintains a capped array of active FVG zones with their tops, bottoms, and bullish flags. Long entries occur when the current bar overlaps an active bull
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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