This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v4 · On the chart
RSI and Stoch (Brahim)
Calculates Bollinger Bands, RSI, and Stochastic to identify potential reversal opportunities directly on the price chart.
GitHub stars4on the repository
Pine versionv4older, still runs
Lines of code100
Settings14inputs
LicenceNone stated
Last update4 years ago15 Oct 2022
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
RSI and Stoch (Brahim) plots buy signals when the bar low is within a set distance of the lower Bollinger Band while both RSI and Stochastic register oversold levels. Conversely, sell signals trigger when the bar high is near the upper band during simultaneous overbought readings. Settings allow customization of oscillator lengths, overbought and oversold thresholds, and the proximity distance to the bands.
- Bollinger Bands proximity detection
- Dual RSI and Stochastic condition filtering
- On-chart buy and sell signal shapes
- Configurable threshold and proximity parameters
Details
Published by
bfoura on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Oscillators & momentum, Volatility & bands, Mean reversion
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | length |
| Source | source | close | src |
| StdDev | float | 2.0 | mult |
| Offset | int | 10 | offset |
| Near Offset | int | 20 | near_offset |
| RSI Source | source | close | rsi_source |
| RSI stoch_length | int | 7 | rsi_length |
| RSI Overbought Level | int | 70 | rsi_over_bought_level |
| RSI Oversold Level | int | 30 | rsi_over_sold_level |
| Stochastic Length | int | 14 | stoch_length |
| Stochastic %K | int | 1 | k |
| Stochastic %D | int | 3 | d |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Overbought Level | int | 80 | stoch_over_bought_level |
| RSI Oversold Level | int | 20 | stoch_over_sold_level |
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
This indicator combines Bollinger Bands, RSI, Stochastic RSI, and volume spike detection to identify mean-reversion conditions during range-bound market regimes. It calculates Bollinger Band width to identify low-volatility states and triggers buy or sell sign
Commodity Heat Reversal plots score-based mean-reversion reversal markers on the price chart for commodity futures, aimed at the four-hour timeframe. It builds separate long and short heat scores from ATR distance to a mean moving average, ATR expansion, RSI e
This indicator detects contrarian inflection points and potential market reversals by combining sentiment, volume, and price action metrics directly on the price chart. It evaluates overbought and oversold conditions with the RSI and Stochastic oscillators, hi
Antigravity Elite is an overlay indicator that screens price with seven selectable components: Mercury Fear, Connors RSI-2, volatility-spike reversal, EMA stack, Supertrend, multi-sigma bands, and an optional funding proxy. Auto-Detect chooses one method, whil
This overlay indicator recreates short-setup conditions and audits their later outcomes on the price chart. It scores optional percent-surge, RSI overbought rollover, Bollinger exhaustion, volume spike, and EMA trend filters, then marks BASE or STRONG signals
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers