This strategy calculates Bollinger Bands and Aroon oscillator values to identify mean-reversion opportunities. It enters a long position using full equity when the closing price crosses below the lower Bollinger Band while Aroon Up remains above a user-specifi
Strategy · Pine Script v5 · On the chart
Momentum ATR Next-Bar Open
A long-only research strategy that enters when momentum, the close divided by the close several bars back minus one, crosses from zero or below to above zero.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code155
Settings7inputs
LicenceNone stated
Last update2 weeks ago9 Oct 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
Momentum ATR Next-Bar Open exits when momentum turns negative or an ATR-based trailing stop is hit. Signals are decided on confirmed bar closes and filled at the next bar open, with a fixed order size, no pyramiding and a commission setting. A dashboard table and optional alert calls are included.
- Momentum zero-cross entry
- ATR trailing stop exit
- Next-bar open fills on confirmed bars
- Fixed order size with commission setting
- Optional dashboard and alert calls
Details
Published by
arthur1535 on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
H4 and above
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 |
|---|---|---|---|
| Janela de momentum | int | 20 | momentumWindow |
| Janela do ATR (SMA) | int | 14 | atrWindow |
| Multiplicador do ATR | float | 2.5 | stopMultiplier |
| Quantidade simulada | float | 1.0 | orderQuantity |
| Emitir chamadas alert() | bool | false | emitAlertCalls |
| Exibir dashboard | bool | true | showDashboard |
| Posição | string | Superior direito | dashboardLocation |
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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