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 v6 · On the chart
PineForge — Crosscurrent Market Pair
This strategy uses RSI with bull and bear threshold crossovers to trade opposite market pairs.
GitHub stars1on the repository
Pine versionv6current
Lines of code44
Settings5inputs
LicenceApache-2.0
Last update5 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/order-crosscurrent-opposite-market-pair-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: Crosscurrent Market Pair
// Independently authored to isolate a close-plus-opposite MARKET pair while a
// position is live.
strategy("PineForge — Crosscurrent Market Pair", overlay=true,
initial_capital=100000,
default_qty_type=strategy.percent_of_equity, default_qty_value=8,
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)
rsiLength = input.int(17, "RSI Length", minval=2, group="Signal")
upperTurn = input.float(58.0, "Bull Threshold", minval=50, maxval=90, group="Signal")
lowerTurn = input.float(42.0, "Bear Threshold", minval=10, maxval=50, group="Signal")
atrLength = input.int(14, "ATR Length", minval=2, group="Risk")
stopAtr = input.float(2.4, "Stop ATR", minval=0.5, step=0.1, group="Risk")
rsiValue = ta.rsi(close, rsiLength)
atrValue = ta.atr(atrLength)
bullTurn = ta.crossover(rsiValue, upperTurn)
bearTurn = ta.crossunder(rsiValue, lowerTurn)
if bullTurn
if strategy.position_size < 0
strategy.close("Crosscurrent Short", comment="Close before opposite market entry")
strategy.entry("Crosscurrent Long", strategy.long)
if bearTurn
if strategy.position_size > 0
strategy.close("Crosscurrent Long", comment="Close before opposite market entry")
strategy.entry("Crosscurrent Short", strategy.short)
if strategy.position_size > 0
strategy.exit("Crosscurrent Long Guard", from_entry="Crosscurrent Long",
stop=strategy.position_avg_price - atrValue * stopAtr)
if strategy.position_size < 0
strategy.exit("Crosscurrent Short Guard", from_entry="Crosscurrent Short",
stop=strategy.position_avg_price + atrValue * stopAtr)
plot(rsiValue, "RSI", display=display.data_window)
Overview
PineForge — Crosscurrent Market Pair enters long when RSI crosses above 58 and short when below 42, automatically closing the opposite position first. Entry size is 8 percent of equity with 0.05 percent commissions. Stops are placed using ATR(14) multiplied by 2.4 from the average entry price. The script draws RSI in a separate pane for signal visibility.
- RSI bull bear thresholds
- opposite market crossover
- ATR stop exits
- percent equity sizing
- pyramiding disabled
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Oscillators & momentum, Trend, Mean reversion
Markets
Forex
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 |
|---|---|---|---|
| RSI Length | int | 17 | rsiLength |
| Bull Threshold | float | 58.0 | upperTurn |
| Bear Threshold | float | 42.0 | lowerTurn |
| ATR Length | int | 14 | atrLength |
| Stop ATR | float | 2.4 | stopAtr |
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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