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
TN Monte Carlo Risk Matrix Sovereign
This strategy adjusts position sizing through a dynamic 3x3 risk matrix that factors ADX trend strength against ATR volatility relative to its SMA.
GitHub stars1on the repository
Pine versionv6current
Lines of code89
Settings2inputs
LicenceNone stated
Last update2 months ago15 Aug 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
TN Monte Carlo Risk Matrix Sovereign applies the chosen risk appetite and base risk percentage to compute equity-based lot sizes using ATR-derived stops. Long and short entries fire on 10/21 EMA crossovers while exits use ATR multiples for stops and opposite limits. A Monte Carlo simulation audits historical closed trades to report maximum drawdown percentiles and ruin rates. All signals plot directly on the price chart. Settings control risk profile and percentage scale. It maintains fixed position limits without pyramiding.
- 3x3 Risk Matrix
- EMA Crossover Entries
- ATR Dynamic Sizing
- Monte Carlo Drawdown Audit
- Sovereign Risk Profile
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands, Mean reversion
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| 執行風險規訓 | enum | RiskAppetite.Sovereign | profile |
| 基礎風險 (%) | float | 1.0 | baseRisk |
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.
Similar Pine Scripts
This strategy combines Volume Weighted Moving Average (VWMA) Bollinger Bands with 200-period and 50-period Exponential Moving Averages (EMAs). It identifies long trade opportunities when the 50 EMA is above the 200 EMA and price falls to or below the lower Fib
This strategy generates buy and sell signals based on Bollinger Band crossovers combined with a simple moving average trend filter. It enters a long position when price crosses above the lower band while trading above the SMA filter line, and enters a short po
This strategy identifies shorting opportunities by calculating Fear and Greed zones based on price extremums relative to moving averages and standard deviation bands. It measures price deviation from recent highs or lows to detect extreme market conditions and
This overlay strategy targets one-minute ES futures and plots volume-weighted moving-average bands from the open, scaled by a standard-deviation multiple, plus a slower band from ten-minute opens. A higher-timeframe exponential moving average can filter trades
STRG-BBForce is a Bollinger Bands trend-following strategy. It calculates standard Bollinger Bands and tracks directional alignment across the upper, lower, and basis lines. When all three lines slope upward, it opens a long position and closes short positions
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers