Calculates a historical dip level based on the lowest low over a specified lookback period. It enters a long strategy position when the current bar close falls below the previous dip level. Positions are managed with take profit and stop loss exits placed at f
Strategy · Pine Script v6 · On the chart
TnSovereign Reversal Engine
A reversal strategy that looks for liquidity sweeps: price pokes beyond the prior swing high or low and closes back inside.
GitHub stars1on the repository
Pine versionv6current
Lines of code130
Settings10inputs
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
Entries must agree with a higher-timeframe EMA 50 and 200 trend, pass an ATR volatility corridor and a candle body check, and optionally pass a fractal efficiency filter. The stop sits at the sweep point with an ATR buffer, the target is a multiple of risk, and a break-even trigger is included. It draws on the price chart.
- Liquidity sweep and reclaim entries
- Higher-timeframe EMA trend filter
- Fractal efficiency gate
- ATR buffer stop and risk-multiple target
- Break-even trigger
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Volatility & bands, Support & resistance
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 |
|---|---|---|---|
| Sweep Lookback | int | 10 | swing_len |
| ATR Length | int | 14 | atr_len |
| ATR Base Lookback | int | 50 | atr_base |
| Min ATR Factor (× Basis) | float | 0.6 | atr_factor |
| HTF Timeframe | timeframe | 60 | htf |
| Enable V17 Fractal Gating | bool | true | use_v17 |
| Min Fractal Efficiency | float | 0.45 | v17_thresh |
| SL ATR Buffer | float | 0.3 | sl_buffer |
| TP Risk Multiple | float | 2.5 | tp_r_mult |
| Break-even Trigger (R×) | float | 1.2 | be_r_mult |
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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