Improvising [Alorse] is a price-chart strategy that looks for a one-bar candle reversal filtered by a 10-period EMA, a 14-period RSI, and a rising or falling MACD. Longs require a bearish bar followed by a bullish close above the EMA, RSI below 65, and a risin
Strategy · Pine Script v6 · On the chart
Stocks - Inside Day Strategy
The Stocks - Inside Day Strategy identifies inside day candlestick patterns on the main price chart.
GitHub stars23on the repository
Pine versionv6current
Lines of code28
Settings2inputs
LicenceCustom licence
Last update3 months ago24 Jul 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
Stocks - Inside Day Strategy enters a long position when a bar's high is below the previous high and its low is above the previous low. The strategy exits positions when a short-period Relative Strength Index exceeds a user-defined overbought threshold. Input settings allow users to adjust the RSI length and overbought level. The strategy has no default stop-loss or take-profit risk parameters.
- Inside day pattern identification
- RSI overbought exit condition
- Adjustable RSI length and threshold
Details
Published by
LouisLetcher on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Candlestick patterns, Oscillators & momentum
Markets
Stocks
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingindicatorspinescriptstrategiestechnical-analysistradingview-scriptsbacktestingquantitative-financetrading-strategiestradingview
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 | 5 | rsiLength |
| Overbought Threshold | float | 80 | overboughtLevel |
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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