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 — Rivet Calc Fill
This strategy identifies bullish trends using a fast EMA crossing above a slow EMA to enter long positions when no trade is open.
GitHub stars1on the repository
Pine versionv6current
Lines of code33
Settings5inputs
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
33 lines of Pine Script v6 from validation/bracket-rivet-calc-on-fill-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: Rivet Calc Fill
// Fill-triggered recalculation attaches risk only after a position exists.
strategy("PineForge — Rivet Calc Fill", 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=true, calc_on_order_fills=true)
fastLength = input.int(11, "Fast EMA", minval=2, group="Signal")
slowLength = input.int(37, "Slow EMA", minval=3, group="Signal")
atrLength = input.int(15, "ATR Length", minval=2, group="Risk")
stopAtr = input.float(1.7, "Stop ATR", minval=0.5, step=0.1, group="Risk")
targetAtr = input.float(2.2, "Target ATR", minval=0.5, step=0.1, group="Risk")
fastEma = ta.ema(close, fastLength)
slowEma = ta.ema(close, slowLength)
atrValue = ta.atr(atrLength)
if ta.crossover(fastEma, slowEma) and strategy.position_size == 0
strategy.entry("Rivet Long", strategy.long)
if strategy.position_size > 0
strategy.exit("Rivet Attached Risk", from_entry="Rivet Long",
stop=strategy.position_avg_price - atrValue * stopAtr,
limit=strategy.position_avg_price + atrValue * targetAtr)
plot(fastEma, "Fast EMA", color=color.aqua)
plot(slowEma, "Slow EMA", color=color.orange)
Overview
Once entered it attaches a stop loss and limit order using ATR multiplied by the input values of 1.7 and 2.2 respectively. The fast and slow EMAs are plotted directly on the price chart. Primary settings control the EMA periods and ATR multipliers for signal and risk parameters. It uses fixed quantity of two units per trade with pyramiding disabled and draws on the price chart.
- EMA crossover entry
- ATR stop and target
- fixed quantity
- ATR risk settings
- overlay on 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 | 11 | fastLength |
| Slow EMA | int | 37 | slowLength |
| ATR Length | int | 15 | atrLength |
| Stop ATR | float | 1.7 | stopAtr |
| Target ATR | float | 2.2 | targetAtr |
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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