Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading. It evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long posit
Strategy · Pine Script v6 · On the chart
RSI 30 Turbo Swing
A long-only strategy that buys stocks after the daily 14-period RSI closes below an oversold level, optionally only above the 200-day average and in a bullish market regime based on an index and VIX.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code337
Settings26inputs
LicenceNone stated
Last updateyesterday28 Oct 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
Trades close after a set number of days or earlier when the daily RSI recovers to an exit level. Entry timing has several modes. Settings model turbo products, with leverage, financing, spread and knock-out levels, and a table. The tester reports the underlying stock.
- Daily RSI oversold entry
- Trend and market regime filters
- Time-based and RSI-recovery exits
- Turbo leverage and financing modelling
- Selectable entry timing modes
Details
Published by
vriken on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Oscillators & momentum
Markets
Stocks
Timeframes
H4 and above
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Daily RSI length | int | 14 | rsiLen |
| Buy when daily RSI closes below | float | 30 | oversold |
| Mark daily RSI closing above | float | 70 | overbought |
| Sell at the latest after (trading days) | int | 5 | holdDays |
| Sell earlier when daily RSI closes at or above (0 = off) | float | 40 | exitRsi |
| Only buy above the 200-day average | bool | true | useTrend |
| Take trades from | time | timestamp("2000-01-01T00:00:00") | tradeFrom |
| Entry | string | Close | entryMode |
| Market index | symbol | AMEX:SPY | spySymbol |
| Bull when index is above its SMA | int | 200 | spyLen |
| VIX symbol | symbol | CBOE:VIX | vixSymbol |
| ...and VIX is below | float | 22 | vixHigh |
Show all 26 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Leverage in a bull market | float | 20 | levBull |
| Leverage otherwise | float | 5 | levOther |
| Stake guide (shown in table) | string | 1–1.5% of portfolio, max 20–30 open | stakeGuide |
| Financing cost (% per year) | float | 6.5 | finRatePct |
| Round-trip spread (% of turbo price) | float | 0.5 | spreadPct |
| My product's financing level (0 = none) | float | 0.0 | myFinancing |
| My mini long's stop-loss level (0 = turbo) | float | 0.0 | myStop |
| Draw trigger and financing levels | bool | true | showLevels |
| Knock-out risk for the safe lines | string | 20% | koRiskChoice |
| Mini long: stop-loss above financing level (%) | float | 5.0 | miniBufferPct |
| Volatility lookback (days) | int | 20 | volLen |
| Tint bars outside a bull market | bool | true | showRegimeBg |
| Show table | bool | true | showTable |
| Table position | string | top right | tablePosText |
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.
Similar Pine Scripts
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
This strategy draws on the price chart and combines Stochastic RSI, the Money Flow Index, and an exponential moving average to open long or short trades. Longs use the lower oscillator thresholds and shorts use the upper ones, with direction limited to longs,
This strategy combines Bollinger Bands with a short RSI to fade moves that leave the bands and then return. A long requires the prior bar below the lower band and oversold, then a close back inside the band while RSI is between 30 and 50. Shorts mirror that at
This strategy implements Larry Connors' 2-period RSI mean-reversion algorithm overlaid on the price chart. It filters trades using a long-term Simple Moving Average (SMA), entering long positions when the price trades above the SMA and the short-term RSI drops
This strategy combines multi-timeframe RSI analysis with exponential moving average filters to execute trades on price bounces. It evaluates daily and weekly RSI levels alongside pip-distance thresholds between fast, slow, and long-term EMAs. Position entries
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers