This strategy calculates Bollinger Bands and Aroon oscillator values to identify mean-reversion opportunities. It enters a long position using full equity when the closing price crosses below the lower Bollinger Band while Aroon Up remains above a user-specifi
Strategy · Pine Script v6 · On the chart
Regime-Gated Dip Reversion
This long-only strategy buys short-term oversold dips only inside a strong uptrend: price above a rising 200-period SMA and within a set percentage of its one-year high.
GitHub stars1on the repository
Pine versionv6current
Lines of code119
Settings17inputs
LicenceCustom licence
Last update2 months ago7 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Entry needs a two-period RSI below a threshold, then an up-close, and volatility below an ATR percentile limit. It exits when price closes above a short SMA, an ATR stop is hit, the regime fails or a maximum holding time ends. It holds one position, sized as a share of equity.
- Uptrend regime gate with rising SMA
- Two-period RSI dip with reversal confirmation
- Calm volatility filter
- Exit on short SMA, ATR stop or time limit
Details
Published by
jayadevrana on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
H4 and above
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.
Repository
Topics
indicatormarket-structurepine-scriptpinescript-v6supply-demandtradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bull-regime SMA length | int | 200 | regimeLen |
| Require rising regime SMA | bool | true | useSlope |
| Regime slope lookback | int | 20 | slopeLen |
| Uptrend high lookback (bars) | int | 252 | hiLen |
| Only buy within % of that high | float | 15 | hiTolPct |
| RSI length | int | 2 | rsiLen |
| Buy when RSI below | float | 10 | rsiBuy |
| Require up-close reversal confirmation | bool | true | useReversal |
| Only buy in calm volatility | bool | true | useCalm |
| ATR percentile lookback | int | 100 | volLen |
| Skip entries above ATR percentile | float | 70 | maxVolPct |
| Reversion exit SMA length | int | 5 | exitMaLen |
Show all 17 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use protective ATR stop | bool | true | useAtrStop |
| ATR length | int | 14 | atrLen |
| ATR stop multiple | float | 2.5 | atrStopMult |
| Max bars in trade | int | 15 | maxHold |
| Show regime / exit moving averages | bool | true | showMas |
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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