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
Stochastic RSI
This strategy calculates a smoothed Stochastic RSI oscillator and generates trading signals based on overbought and oversold crossovers.
GitHub stars1on the repository
Pine versionv6current
Lines of code39
Settings6inputs
LicenceApache-2.0
Last update7 days ago23 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 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
39 lines of Pine Script v6 from validation/ta-stochastic-rsi-cross-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe 04 — stochastic-RSI cross
// Purpose: parity test for the ta.rsi → ta.stoch → ta.sma double-smoothing chain
// with overbought/oversold-gated crossover entries.
//
//@version=6
strategy("Stochastic RSI", overlay=true, initial_capital=1000000, process_orders_on_close=false, pyramiding=1, commission_type=strategy.commission.percent, commission_value=0, slippage=0, default_qty_type=strategy.fixed, default_qty_value=1)
// === Inputs ===
rsiLen = input.int(14, "RSI Length", minval=1)
stochLen = input.int(14, "Stoch Length", minval=1)
kSmooth = input.int(3, "K Smoothing", minval=1)
dSmooth = input.int(3, "D Smoothing", minval=1)
obLevel = input.int(80, "Overbought")
osLevel = input.int(20, "Oversold")
// === Calculations ===
rsiVal = ta.rsi(close, rsiLen)
stochK = ta.sma(ta.stoch(rsiVal, rsiVal, rsiVal, stochLen), kSmooth)
stochD = ta.sma(stochK, dSmooth)
// === Signals ===
longCond = ta.crossover(stochK, stochD) and stochK < osLevel
shortCond = ta.crossunder(stochK, stochD) and stochK > obLevel
// === Strategy ===
if longCond
strategy.entry("Long", strategy.long)
if shortCond
strategy.entry("Short", strategy.short)
// === Exit ===
if strategy.position_size > 0 and stochK > obLevel and ta.crossunder(stochK, stochD)
strategy.close("Long")
if strategy.position_size < 0 and stochK < osLevel and ta.crossover(stochK, stochD)
strategy.close("Short")
Overview
Stochastic RSI opens a long position when the %K line crosses above %D while below the oversold threshold, and enters short when %K crosses below %D while above the overbought threshold. Positions exit when an opposite crossover occurs in the opposing extreme zone. Settings allow customization of the RSI period, Stochastic length, smoothing factors, and extreme levels. It overlays on the main price chart and includes no fixed stop-loss orders.
- Stochastic RSI calculation
- Overbought and oversold crossover signals
- Reversal zone exit conditions
- Configurable smoothing and threshold levels
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 14 | rsiLen |
| Stoch Length | int | 14 | stochLen |
| K Smoothing | int | 3 | kSmooth |
| D Smoothing | int | 3 | dSmooth |
| Overbought | int | 80 | obLevel |
| Oversold | int | 20 | osLevel |
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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