This mean-reversion strategy combines multi-timeframe exponential moving averages, Bollinger Bands, and the Relative Strength Index. It generates long and optional short trade signals when price interacts with the Bollinger Bands alongside RSI threshold confir
Strategy · Pine Script v5 · On the chart
Optimized BTC Mean Reversion (RSI 20/65)
This price-chart strategy seeks Bitcoin mean-reversion entries.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code161
Settings12inputs
LicenceNone stated
Last update6 days ago22 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
Optimized BTC Mean Reversion (RSI 20/65) buys when RSI is below its oversold level, Stochastic K is oversold, and price is above ninety percent of a 200-period EMA. It sells short when RSI and Stochastic are overbought and price is below the EMA. Position size is the full equity, and pyramiding is off. Risk inputs set a four percent stop loss and a six percent take profit. Lengths, thresholds, risk percentages, and dates are adjustable, but the shown date filter stays always true.
- RSI oversold and overbought entries
- Stochastic K confirmation
- 200-period EMA price filter
- Percent stop loss and take profit
- Full-equity position sizing
Details
Published by
kanylbullen on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Oscillators & momentum, Moving averages
Markets
Crypto
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EMA Period | int | 200 | emaLength |
| RSI Period | int | 14 | rsiPeriod |
| RSI Oversold Level (BUY) | float | 20 | rsiBullLevel |
| RSI Overbought Level (SELL) | float | 65 | rsiBearLevel |
| Stochastic K Period | int | 14 | stochLength |
| Stochastic D Period | int | 3 | stochSmooth |
| Stochastic Overbought | float | 75 | stochOverbought |
| Stochastic Oversold | float | 25 | stochOversold |
| Stop Loss % | float | 4.0 | stopLossPct |
| Take Profit % | float | 6.0 | takeProfitPct |
| Start Date | input | timestamp("2025-01-01 00:00") | startDate |
| End Date | input | timestamp("2099-12-31 23:59") | endDate |
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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