This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v5 · On the chart
TeeLek Lab 04 Long/Short DCA+VA
This overlay indicator simulates a date-bounded Bitcoin dollar-cost average and separate long and short value-averaging books.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code145
Settings3inputs
LicenceNone stated
Last update1 year ago9 Jun 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 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
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
Inside the start and end dates it adds a fixed USDT amount each bar, converts it at the close into BTC, and updates average price and BTC quantity. The long book rebalances when USDT and BTC values diverge, buying more BTC or reducing BTC while price is above the average. It places no orders and shows no stop, target, or exit rules. The supplied code ends during the short-book calculation.
- Start and end date window
- Fixed USDT DCA size
- Long value-averaging rebalance
- Average price and BTC quantity tracking
- Separate short-book variables
Details
Published by
theteelek on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Mean reversion
Markets
Crypto
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 |
|---|---|---|---|
| Start Date | time | timestamp("1 July 2024") | DATE_START |
| End Date | time | timestamp("1 Aug 2024") | DATE_END |
| DCA Size (USDT) | float | 10 | DCA_SIZE_USDT |
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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