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 Loopback Method For
The PineForge Loopback Method For is a strategy that calculates an average vote by comparing current close to historical closes across user-defined horizons.
GitHub stars1on the repository
Pine versionv6current
Lines of code47
Settings6inputs
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
47 lines of Pine Script v6 from validation/udt-loopback-method-for-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: Loopback Method For
// A typed history method is called repeatedly across several return horizons.
strategy("PineForge — Loopback Method For", 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)
type HorizonLedger
float value
method directionAgainst(HorizonLedger self, float referenceValue) =>
self.value > referenceValue ? 1.0 : -1.0
horizonCount = input.int(5, "Horizon Count", minval=2, maxval=8, group="Horizons")
horizonSpacing = input.int(4, "Horizon Spacing", minval=1, maxval=12, group="Horizons")
minimumVote = input.float(0.55, "Minimum Average Vote", minval=-1, maxval=1, step=0.05, group="Horizons")
trendLength = input.int(51, "Trend EMA Length", minval=5, group="Trend")
atrLength = input.int(15, "ATR Length", minval=2, group="Risk")
maximumAtrLoss = input.float(2.4, "Maximum ATR Loss", minval=0.5, step=0.1, group="Risk")
HorizonLedger ledger = HorizonLedger.new(close)
float voteSum = 0.0
for horizon = 1 to horizonCount
historicalValue = close[horizon * horizonSpacing]
voteSum += na(historicalValue) ? 0.0 : ledger.directionAgainst(historicalValue)
averageVote = voteSum / horizonCount
trendLine = ta.ema(close, trendLength)
atrValue = ta.atr(atrLength)
enterLong = ta.crossover(averageVote, minimumVote) and close > trendLine
voteEnded = averageVote < 0 or close < trendLine
riskExceeded = strategy.position_size > 0 and close < strategy.position_avg_price - atrValue * maximumAtrLoss
if strategy.position_size == 0 and enterLong
strategy.entry("Loopback Long", strategy.long)
else if strategy.position_size > 0 and (voteEnded or riskExceeded)
strategy.close("Loopback Long", comment=riskExceeded ? "ATR risk" : "Vote ended")
plot(trendLine, "Trend EMA", color=color.orange)
plot(averageVote, "Average Horizon Vote", color=color.blue, display=display.data_window)
Overview
PineForge Loopback Method For enters a long position when the average vote crosses above a minimum threshold and price exceeds the trend EMA. It exits on vote termination or when maximum ATR loss is reached from entry price. The strategy plots the trend EMA in orange and average vote in blue on the price chart. Inputs adjust horizon count, spacing, minimum vote, EMA length, ATR length and max ATR loss. It draws on the price chart with no repaint.
- Horizon Ledger
- Average Vote
- Trend EMA
- ATR Risk Exit
- Loopback Entry
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 |
|---|---|---|---|
| Horizon Count | int | 5 | horizonCount |
| Horizon Spacing | int | 4 | horizonSpacing |
| Minimum Average Vote | float | 0.55 | minimumVote |
| Trend EMA Length | int | 51 | trendLength |
| ATR Length | int | 15 | atrLength |
| Maximum ATR Loss | float | 2.4 | 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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