Mean Reversion Study is an indicator that identifies trade setups combining exponential moving averages, RSI extremes, and engulfing candlestick patterns. It highlights bullish setups when a bullish engulfing candle forms below the EMA while RSI is oversold, a
Indicator · Pine Script v5 · On the chart
Smoothed candles
This indicator draws smoothed candlesticks on the price chart.
GitHub stars65on the repository
Pine versionv5runs as is
Lines of code11
Settings1inputs
LicenceGPL-3.0
Last update4 days ago24 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 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
11 lines of Pine Script v5 from examples/v5/tradingview-docs/v5-concepts-bar-plotting-02.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Smoothed candles", overlay = true)
lenInput = input.int(9)
smooth(source, length) =>
ta.sma(source, length)
o = smooth(open, lenInput)
h = smooth(high, lenInput)
l = smooth(low, lenInput)
c = smooth(close, lenInput)
ourWickColor = close > c ? color.green : color.red
plotcandle(o, h, l, c, wickcolor = ourWickColor)
Overview
Smoothed candles applies a simple moving average of a user-set length, defaulting to nine, separately to open, high, low, and close, then plots those four values with plotcandle. Wick color is green when the raw close is above the smoothed close and red otherwise. The length input changes how strongly the candle body and wicks are averaged. It has no alerts, entries, or exit rules.
- SMA smoothing of open, high, low and close
- Overlay plotcandle of smoothed OHLC
- Length input defaulting to nine
- Wick color from close versus smoothed close
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Candlestick patterns
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-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| lenInput | int | 9 | lenInput |
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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