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 v5 · On the chart
Pine Genie Advanced RSI+BB Strategy Pro
A Pine v5 strategy built on a smoothed RSI and Bollinger Bands, with optional adaptive band width from ATR.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code387
Settings32inputs
LicenceCustom licence
Last update9 months ago29 Jan 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
Filters include a higher timeframe trend and RSI check, a volume breakout test, a volatility regime check and a trend strength check, plus an optional session window. Position size can follow a Kelly-style calculation capped at a maximum percentage, or a risk per trade. Stops are ATR-based or fixed percentage, targets use a risk-reward ratio, a trailing stop is available and pyramiding is off by default.
- Smoothed RSI with adaptive Bollinger Bands
- Higher timeframe trend and RSI confirmation
- Volume, volatility and trend strength filters
- ATR or fixed stop with risk-reward target
- Kelly-style position sizing option
Details
Published by
RahulEdward on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Oscillators & momentum, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Period | int | 14 | rsiLength |
| RSI Smoothing | int | 3 | rsiSmoothing |
| RSI Overbought Level | float | 72.5 | rsiOverbought |
| RSI Oversold Level | float | 27.5 | rsiOversold |
| BB Period | int | 21 | bbLength |
| BB Standard Deviation | float | 2.1 | bbStdDev |
| Adaptive BB (ATR-based) | bool | true | bbAdaptive |
| Higher Timeframe Multiplier | int | 4 | htfMultiplier |
| Use HTF Trend Filter | bool | true | useHTFTrend |
| Use HTF RSI Confirmation | bool | true | useHTFRSI |
| Volume Breakout Filter | bool | true | volumeFilter |
| Volume Threshold | float | 1.5 | volumeMultiplier |
Show all 32 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Volatility Regime Filter | bool | true | volatilityFilter |
| Trend Strength Filter | bool | true | trendStrengthFilter |
| Kelly Criterion Position Sizing | bool | true | useKellyCriterion |
| Maximum Position Size (%) | float | 35.0 | maxPositionSize |
| Risk Per Trade (%) | float | 1.5 | riskPerTrade |
| Enable Pyramiding | bool | false | pyramidingEnabled |
| Max Pyramid Levels | int | 2 | maxPyramidLevels |
| Stop Loss Mode | string | ATR | stopLossMode |
| ATR Stop Loss Multiplier | float | 2.5 | stopLossATR |
| Fixed Stop Loss (%) | float | 3.0 | stopLossFixed |
| Take Profit Mode | string | Dynamic | takeProfitMode |
| Risk:Reward Ratio | float | 2.5 | takeProfitRatio |
| Trailing Stop ATR Offset | float | 1.8 | trailingStopOffset |
| Market Regime Detection | bool | true | enableRegimeFilter |
| Trend Detection Period | int | 50 | trendPeriod |
| Volatility Regime Period | int | 20 | volatilityPeriod |
| Enable Session Filter | bool | false | useSessionFilter |
| Trading Session | session | 0930-1600 | sessionStart |
| Avoid High-Impact News | bool | true | avoidNewsTime |
| Friday Position Close Hour | int | 15 | fridayCloseHour |
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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