This strategy plots Bollinger Bands on the price chart with adjustable length, standard deviation, and offset. It defines buy and sell zones using candle size percentage and body size thresholds. Long positions enter when the lower zone is breached without con
Strategy · Pine Script v6 · On the chart
TnSovereignVeinReversalV6 [TeleNexus]
This overlay strategy grades potential reversals on a four-tier scale using ATR targets, forward and extended bars, and maximum adverse excursion.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code253
Settings18inputs
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
TnSovereignVeinReversalV6 [TeleNexus] enters only on strong bull or bear grades, long or short according to direction toggles, after a same-direction label gap and a cooldown. Stops and targets are ATR multiples, with an optional break-even stop, and size is a percent of equity. VWAP slope, trend strength, and 14/28 EMA confirmation gate trades. Quality labels depend on later bars, so graded signals can change after the bar that is labeled.
- Four-tier reversal quality labels
- ATR stop, target, and break-even
- VWAP slope and trend-strength filter
- 14/28 EMA cross confirmation
- Direction mode and post-exit cooldown
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Volatility & bands, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Length | int | 14 | atrLen |
| Forward Bars (min target) | int | 8 | forwardBars |
| Extended Bars (strong target) | int | 16 | extendedBars |
| Weak Target (ATR×) | float | 1.5 | targetATR |
| Strong Target (ATR×) | float | 2.5 | strongATR |
| Max Adverse Move (ATR×) | float | 0.6 | maxAdverseATR |
| Use Close instead of High/Low | bool | false | useClose |
| Fast Reversal: bars to target ≤ | int | 4 | fastBarsThresh |
| Strong: Max Adverse ≤ ATR× | float | 0.3 | maeStrongThresh |
| Min Bars Between Labels (same dir) | int | 3 | minGapBars |
| Trade Strong Bull (label +2) | bool | true | tradeLongStrong |
| Trade Strong Bear (label -2) | bool | true | tradeShortStrong |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| SL (ATR×) | float | 1.5 | slMult |
| TP (ATR×) | float | 3.0 | tpMult |
| Enable Break-Even Stop | bool | true | enableBE |
| Trigger (R×) | float | 1.0 | beTrigR |
| Trade Direction | string | Both | dirMode |
| Cooldown Bars After Exit | int | 3 | cooldown |
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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