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 — Kiln Power Efficiency
The Kiln Power Efficiency strategy computes an EMA trend line and a squared displacement efficiency metric from price moves relative to ATR.
GitHub stars1on the repository
Pine versionv6current
Lines of code36
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
36 lines of Pine Script v6 from validation/math-kiln-power-efficiency-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 Owned Strategy: Kiln Power Efficiency
// Squared displacement efficiency gates otherwise ordinary trend transitions.
strategy("PineForge — Kiln Power Efficiency", overlay=true,
initial_capital=100000,
default_qty_type=strategy.fixed, default_qty_value=2,
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)
trendLength = input.int(43, "Trend EMA Length", minval=5, group="Trend")
efficiencyLength = input.int(18, "Efficiency Window", minval=3, group="Efficiency")
minimumEfficiency = input.float(0.035, "Minimum Squared Efficiency", minval=0.001, maxval=1.0, step=0.001, group="Efficiency")
atrLength = input.int(18, "ATR Length", minval=2, group="Risk")
maximumAtrLoss = input.float(2.7, "Maximum ATR Loss", minval=0.5, step=0.1, group="Risk")
trendLine = ta.ema(close, trendLength)
atrValue = ta.atr(atrLength)
displacement = math.abs(close - close[efficiencyLength])
pathProxy = math.max(atrValue * efficiencyLength, syminfo.mintick)
efficiency = math.pow(displacement / pathProxy, 2)
enterLong = ta.crossover(close, trendLine) and efficiency > minimumEfficiency
trendEnded = ta.crossunder(close, trendLine) or efficiency < minimumEfficiency * 0.35
riskExceeded = strategy.position_size > 0 and close < strategy.position_avg_price - atrValue * maximumAtrLoss
if strategy.position_size == 0 and enterLong
strategy.entry("Kiln Long", strategy.long)
else if strategy.position_size > 0 and (trendEnded or riskExceeded)
strategy.close("Kiln Long", comment=riskExceeded ? "ATR risk" : "Efficiency ended")
plot(trendLine, "Trend EMA", color=color.orange)
plot(efficiency, "Squared Efficiency", color=color.red, display=display.data_window)
Overview
PineForge — Kiln Power Efficiency plots both on the price chart. The strategy enters long trades on EMA crossover above the trend when efficiency exceeds the minimum threshold and exits on crossover below the trend, efficiency falling below 35 percent of minimum, or when price drops below average entry by maximum ATR loss. Settings control EMA length, efficiency window, minimum efficiency, ATR length, and maximum ATR loss. It uses fixed position sizing with no pyramiding.
- Squared Efficiency Filter
- EMA Trend Crossover
- ATR Risk Exit
- Pine Script v6 Strategy
- Overlay on Price Chart
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
Trend, Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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 |
|---|---|---|---|
| Trend EMA Length | int | 43 | trendLength |
| Efficiency Window | int | 18 | efficiencyLength |
| Minimum Squared Efficiency | float | 0.035 | minimumEfficiency |
| ATR Length | int | 18 | atrLength |
| Maximum ATR Loss | float | 2.7 | maximumAtrLoss |
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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