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
Strategy · Pine Script v4 · On the chart
My Script Strategy Selector
A course example strategy with a setting that selects one of three entry rules.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code43
Settings2inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago20 Jan 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
43 lines of Pine Script v4 from course_examples/strategy.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Gammapips
//@version=4
strategy("My Script", overlay=true)
// Inputs
i_stratSelect = input(defval="rsi", type=input.string, title="Select Strategy", options=['rsi', 'macd', 'bb'])
i_bbsrc = input(defval=close, title="BB strat source", type=input.source)
f_strategySelector(_strat) =>
if _strat == 'rsi'
rsi = rsi(close, 14)
rsibuyCondition = crossover(rsi, 30)
rsisellCondition = crossunder(rsi, 70)
[rsibuyCondition, rsisellCondition]
else if _strat == 'macd'
[macdLine, signalLine, histLine] = macd(close, 12, 26, 9)
macdbuyCondition = histLine > 0 and crossover(macdLine, signalLine)
macdsellCondition = histLine < 0 and crossunder(macdLine, signalLine)
[macdbuyCondition, macdsellCondition]
else if _strat == 'bb'
[middle, upper, lower] = bb(close, 10, 2)
bbbuyCondition = i_bbsrc < lower
bbsellCondition = i_bbsrc > upper
[bbbuyCondition, bbsellCondition]
else
[na, na]
[buy, sell] = f_strategySelector(i_stratSelect)
plotshape(buy ? low : na, text='buy', style=shape.arrowup, location=location.belowbar, color=color.green, textcolor=color.green, size=size.large)
plotshape(sell ? high : na, text='sell', style=shape.arrowdown, location=location.abovebar, color=color.red, textcolor=color.red, size=size.large)
if buy
strategy.entry("golong", strategy.long)
if sell
strategy.entry("goshort", strategy.short)
Overview
The RSI option buys when RSI crosses up through 30 and sells when it crosses down through 70. The MACD option needs a histogram sign and a line cross. The Bollinger option buys below the lower band and sells above the upper band. Signals draw arrows and open long or short entries that reverse each other. There is no stop loss or take profit.
- Selectable RSI, MACD or Bollinger rules
- Long and short entries that reverse
- Buy and sell arrows on the chart
Details
Published by
RobACurtis on GitHub
Code credit
Gammapips, as written in the script's header
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
pinescripttradingtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Select Strategy | string | rsi | i_stratSelect |
| BB strat source | source | close | i_bbsrc |
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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