This mean-reversion strategy plots Bollinger Bands and a long-term moving average directly on the price chart. It enters trades when price candles penetrate the outer Bollinger Bands beyond a user-defined body percentage, anticipating a price reversal. Entries
Strategy · Pine Script v5 · On the chart
Parabolic SAR Trend
This trend-following strategy generates buy and sell signals when the Parabolic SAR flips direction relative to price.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code60
Settings11inputs
LicenceNone stated
Last update7 months ago4 Mar 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
Entries can be filtered using an Exponential Moving Average to trade in the direction of the dominant trend, as well as an Average Directional Index filter to ensure sufficient trend strength. Trades use an Average True Range multiplier for stop loss placement and a risk-to-reward ratio for profit targets. Positions are also closed early if an opposing SAR flip occurs. All indicators and entry markers are displayed directly on the price chart.
- Parabolic SAR flip detection
- EMA direction filter
- ADX trend strength filter
- ATR-based stop loss and fixed risk-reward target
- Opposite SAR flip exit logic
Details
Published by
Basant1Saini on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
M15-H1, 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 |
|---|---|---|---|
| SAR Start | float | 0.02 | sarStart |
| SAR Increment | float | 0.02 | sarInc |
| SAR Maximum | float | 0.2 | sarMax |
| Trend EMA Length | int | 50 | emaLen |
| Use Trend Filter | bool | true | useTrend |
| ADX Length | int | 14 | adxLen |
| ADX Minimum (trend strength) | float | 20 | adxThresh |
| Use ADX Filter | bool | true | useADX |
| ATR Length | int | 14 | atrLen |
| ATR Multiplier (SL) | float | 2.0 | atrMult |
| Risk:Reward | float | 2.0 | rrRatio |
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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