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 v6 · On the chart
PineForge — Aurora Market Bracket
This strategy overlays a fast and a slow exponential moving average on the price chart and treats their crossovers as entries.
GitHub stars1on the repository
Pine versionv6current
Lines of code44
Settings6inputs
LicenceApache-2.0
Last update7 days ago23 Oct 2026
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
44 lines of Pine Script v6 from validation/bracket-aurora-market-atr-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
// SPDX-License-Identifier: Apache-2.0
// Copyright 2026 PineForge
// PineForge Corporate Strategy: Aurora Market Bracket
// Independently authored for deterministic backtest and runtime coverage.
strategy("PineForge — Aurora Market Bracket", overlay=true,
initial_capital=100000,
default_qty_type=strategy.percent_of_equity, default_qty_value=10,
pyramiding=0, commission_type=strategy.commission.percent,
commission_value=0.05, slippage=1,
margin_long=100, margin_short=100,
process_orders_on_close=false, calc_on_order_fills=false)
fastLength = input.int(18, "Fast EMA", minval=2, group="Signal")
slowLength = input.int(47, "Slow EMA", minval=3, group="Signal")
atrLength = input.int(16, "ATR Length", minval=2, group="Risk")
stopAtr = input.float(1.8, "Stop ATR", minval=0.25, step=0.05, group="Risk")
targetAtr = input.float(2.7, "Target ATR", minval=0.25, step=0.05, group="Risk")
allowShort = input.bool(true, "Allow Short", group="Execution")
fastEma = ta.ema(close, fastLength)
slowEma = ta.ema(close, slowLength)
atrValue = ta.atr(atrLength)
longSignal = ta.crossover(fastEma, slowEma)
shortSignal = allowShort and ta.crossunder(fastEma, slowEma)
if longSignal
strategy.entry("Aurora Long", strategy.long)
if shortSignal
strategy.entry("Aurora Short", strategy.short)
if strategy.position_size > 0
longStop = strategy.position_avg_price - atrValue * stopAtr
longTarget = strategy.position_avg_price + atrValue * targetAtr
strategy.exit("Aurora Long Risk", from_entry="Aurora Long", stop=longStop, limit=longTarget)
if strategy.position_size < 0
shortStop = strategy.position_avg_price + atrValue * stopAtr
shortTarget = strategy.position_avg_price - atrValue * targetAtr
strategy.exit("Aurora Short Risk", from_entry="Aurora Short", stop=shortStop, limit=shortTarget)
plot(fastEma, "Fast EMA", color=color.teal)
plot(slowEma, "Slow EMA", color=color.orange)
Overview
PineForge — Aurora Market Bracket opens a long position when the fast average crosses above the slow average and, when shorts are allowed, opens a short on the opposite cross. While a position is open it sets an ATR stop and a farther ATR limit target from the average entry price. Lengths, ATR multipliers, and the short switch are inputs. Size is a fixed percent of equity, and pyramiding is disabled.
- Fast and slow EMA crossover entries
- ATR stop and limit target exits
- Optional short trades
- Percent-of-equity position sizing
- EMA plots on the price chart
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge, as written in the script's header
Type
Draws
On the price chart
Category
Markets
Any symbol
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.
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA | int | 18 | fastLength |
| Slow EMA | int | 47 | slowLength |
| ATR Length | int | 16 | atrLength |
| Stop ATR | float | 1.8 | stopAtr |
| Target ATR | float | 2.7 | targetAtr |
| Allow Short | bool | true | allowShort |
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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