This mean-reversion strategy combines multi-timeframe exponential moving averages, Bollinger Bands, and the Relative Strength Index. It generates long and optional short trade signals when price interacts with the Bollinger Bands alongside RSI threshold confir
Strategy · Pine Script v5 · On the chart
Simpleton GROK
This strategy plots on the price chart and combines up to seven optional modules that vote for long or short conditions.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code166
Settings12inputs
LicenceNone stated
Last updatetoday28 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
The modules use a 20-period simple moving average, a five-period RSI, Bollinger Band squeezes, a simplified prior-bar break, stacked exponential moving averages, Tenkan and Kijun alignment, and a mean-reversion band around a 20-period average. Enabled votes add fixed strength scores, and a minimum strength setting filters entries. Percent take-profit and stop-loss inputs are provided, with size set to full equity. The shown code ends before the order logic.
- Toggleable seven-module vote system
- Five-period RSI momentum signals
- Bollinger Band squeeze conditions
- Percent take profit and stop loss
- Minimum combined strength threshold
Details
Published by
eltonaguiar on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages, 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 |
|---|---|---|---|
| Enable MULTI_STRATEGY | bool | true | enable_multi_strategy |
| Enable RSI5_MOMENTUM | bool | true | enable_rsi5_momentum |
| Enable BOLLINGER_SQUEEZE | bool | true | enable_bollinger_squeeze |
| Enable CUSUM_TRIPLE_BARRIER | bool | true | enable_cusum_triple_barrier |
| Enable TRIPLE_EMA | bool | true | enable_triple_ema |
| Enable ICHIMOKU_CLOUD | bool | true | enable_ichimoku_cloud |
| Enable MEAN_REVERSION | bool | true | enable_mean_reversion |
| Take Profit % | float | 2.0 | tp_percent |
| Stop Loss % | float | 1.0 | sl_percent |
| Minimum Strength | int | 2 | strength_threshold |
| ATR Length | int | 14 | atr_length |
| ATR Multiplier | float | 1.5 | atr_multiplier |
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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