by 
This mean-reversion strategy plots Bollinger Bands and a long-term moving average directly on the price chart. It enters trades when price candles penetrate the outer Bollinger Bands beyond a user-defined body percentage, anticipating a price reversal. Entries
Strategy · Pine Script v6 · On the chart
Strategy Version 1.2
A long strategy built on a 50-period Hull moving average crossing a 200-period EMA, with ADX strength, a short Hull slope and an optional RSI filter used to scale entry size in steps.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code194
Settings16inputs
LicenceNone stated
Last update1 year ago6 Oct 2025
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
Strategy Version 1.2 uses an ATR stop that tightens after a drawdown, staged profit-lock partial exits, a cooldown after exits and a maximum holding time. It calculates on every tick, so live signals can differ from historical ones. It draws on the price chart.
- Hull and EMA crossover entry
- ADX and RSI filters
- Size scaled by signal strength
- ATR stop with drawdown tightening
- Staged profit-lock partial exits
Details
Published by
HypertextAssassin69 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| HMA Length | int | 50 | hmaLen |
| EMA Length | int | 200 | emaLen |
| Short HMA (trend strength) | int | 20 | shortHmaLen |
| ADX Length (Wilder) | int | 14 | adxLen |
| RSI Length | int | 14 | rsiLen |
| ATR Length | int | 14 | atrLen |
| ATR Stop Multiplier | float | 2.0 | atrMult |
| Tighten Stop if DD > 10% | float | 0.10 | drawdownTight |
| Bars to wait after exit | int | 15 | cooldownBars |
| RSI Threshold (optional filter) | int | 55 | rsiThreshold |
| Minimum Partial Entry/Exit % | float | 50 | partialMinPct |
| Max Bars Hold | int | 80 | maxHoldBars |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Profit Lock 1 (2%) | float | 0.02 | profitLock1 |
| Profit Lock 2 (4%) | float | 0.04 | profitLock2 |
| Profit Lock 3 (6%) | float | 0.06 | profitLock3 |
| Profit Lock 4 (8%) | float | 0.08 | profitLock4 |
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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