by 
Mean Reversion Strategy is an overlay strategy that identifies pullbacks using a long-term EMA, RSI, and candlestick patterns. It generates long signals when a bullish engulfing candle forms below the EMA while RSI is oversold, and short signals when a bearish
Strategy · Pine Script v5 · On the chart
NSE Algo Trading System v1
A strategy for Indian stocks that lets the user choose one of five rule sets: SuperTrend with an EMA, an EMA crossover, RSI with MACD, a Bollinger Band squeeze, or a VWAP pullback.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code223
Settings29inputs
LicenceNone stated
Last update10 days ago19 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
A time window in UTC limits trading to exchange hours. Risk management sizes by a percentage of equity, sets an ATR or fixed percentage stop, and can add a trailing stop after a profit threshold. Trading stops after a set drawdown, and take profit uses a risk-to-reward ratio.
- Five selectable entry rule sets
- ATR or fixed percentage stop loss
- Optional trailing stop
- Maximum drawdown halt
- Trading hours window
Details
Published by
ArunTelegramBot on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
Any timeframe
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.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Strategy | string | Supertrend+EMA | strat_choice |
| Timeframe (D, 240, 60, 15, 5) | timeframe | D | tf |
| Trade Start (UTC, e.g. 345=3:45am) | int | 345 | trade_start |
| Trade End (UTC, e.g. 1000=10:00am) | int | 1000 | trade_end |
| Risk Per Trade (% of equity) | float | 1.0 | risk_percent |
| Max Drawdown % (stop trading) | float | 25.0 | max_dd_percent |
| ATR Multiplier for SL | float | 2.0 | atr_mult |
| ATR Length | int | 14 | atr_len |
| Use ATR-based Stop Loss? | bool | true | use_atr_sl |
| Fixed SL % (if ATR off) | float | 1.0 | fixed_sl_pct |
| Use Trailing Stop? | bool | true | use_trailing |
| Trail Activate (% profit) | float | 1.5 | trail_activate |
Show all 29 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trail Distance (%) | float | 0.75 | trail_dist |
| Supertrend ATR Period | int | 10 | st_atr |
| Supertrend Multiplier | float | 3.0 | st_mult |
| Fast EMA | int | 6 | ema_fast_len |
| Slow EMA | int | 30 | ema_slow_len |
| RSI Length | int | 14 | rsi_len |
| RSI Overbought | int | 70 | rsi_ob |
| RSI Oversold | int | 30 | rsi_os |
| MACD Fast | int | 12 | macd_fast |
| MACD Slow | int | 26 | macd_slow |
| MACD Signal | int | 9 | macd_sig |
| BB Length | int | 20 | bb_len |
| BB StdDev | float | 2.0 | bb_std |
| Max BB Width (squeeze) | float | 0.3 | bb_width |
| VWAP Timeframe | string | 60 | vwap_tf |
| VWAP Deviation | float | 2.0 | vwap_dev |
| Risk:Reward Ratio | float | 2.0 | tp_ratio |
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.
Similar Pine Scripts
This strategy combines a 7-period RSI with an ADX filter to trade market regimes on the price chart. When the ADX indicates ranging conditions below a set threshold, it triggers entries on RSI overbought or oversold extremes. By default, the entry logic is inv
This strategy combines a Simple Moving Average (SMA) and the Relative Strength Index (RSI) to generate long trading signals. It enters a long position when price closes above the SMA filter while RSI drops below the oversold threshold. The strategy exits the p
This strategy enters long when a series labeled ADX is above a threshold and RSI is below 40, and enters short when that series is above the threshold and RSI is above 60. Both series are calculated with the RSI function, so the trend filter is not a true ADX.
This strategy trades pullbacks in the direction of a moving-average trend and draws on the price chart. An uptrend requires the 50-period EMA above the 200-period EMA with price above the slower average, and a downtrend is the reverse. It enters long or short
Lucid 100K v5 is a Pine Script strategy for trading MES futures on 5-minute charts. It overlays buy and sell signals directly on the price chart. The strategy runs two phases based on equity and recent profit factor. Phase 1 uses trend pullback entries with EM
Related on ForexR
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers