This strategy plots Bollinger bands and a simple moving average on the price chart. It opens a short when price crosses above the upper band while below the average, and a long when price crosses below the lower band while above the average. Entries are allowe
Strategy · Pine Script v6 · On the chart
TnSovereignVwapPullback [TeleNexus]
This strategy places resting limit orders at VWAP for pullbacks in the direction of a higher-timeframe EMA trend.
GitHub stars1on the repository
Pine versionv6current
Lines of code209
Settings19inputs
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
Longs require the fast EMA above the slow EMA, a rising VWAP, and price above VWAP; shorts mirror those rules. A filled trade uses an ATR multiple stop beyond VWAP and a configurable reward-to-risk target. Unfilled limits cancel if price closes through the stop. Settings choose the VWAP reset, bias timeframe, A+ stretch filter, trade window, one trade per day, and fixed or percent-of-equity size. It draws VWAP, stop, and target on the price chart.
- Session-anchored or daily reset VWAP
- Higher-timeframe EMA trend bias
- Resting limit entry at VWAP
- ATR stop and reward-to-risk target
- Optional A+ stretch filter and trade window
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Moving averages, Volatility & bands, Sessions & time
Markets
Indices
Timeframes
M15-H1
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 |
|---|---|---|---|
| Bias timeframe | timeframe | 60 | htfRes |
| Fast EMA | int | 50 | emaFastLen |
| Slow EMA | int | 100 | emaSlowLen |
| VWAP resets | string | Regular session (RTH) | vwapReset |
| Regular session (for RTH mode) | session | 0930-1600 | rthSess |
| Session timezone | string | America/New_York | sessTz |
| VWAP slope length (bars) | int | 5 | slopeLen |
| Only trade during a time window | bool | true | useWindow |
| Trade window | session | 0930-1100 | winSess |
| Max one trade per day | bool | false | oncePerDay |
| Only take A+ (strong trend + stretched) trades | bool | true | onlyAplus |
| A+: min stretch from VWAP (ATR) | float | 1.0 | stretchMin |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR length | int | 14 | atrLen |
| Stop = ATR x | float | 0.5 | stopMult |
| Target R:R | float | 1.25 | rr |
| Sizing | string | Fixed contracts | sizeMode |
| Fixed contracts | int | 1 | fixedQty |
| Risk per trade (%) | float | 1.0 | riskPct |
| $ per point (MNQ=2, NQ=20, MES=5, ES=50) | float | 2.0 | pointVal |
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 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
This overlay strategy offers two selectable entry modes: a Bollinger squeeze on typical price and a simple moving-average cross. It filters trades by weekday, session, date range, and an optional news window, and can restrict direction or invert the side. Risk
The Mean Reversion Strategy Template calculates a baseline mean using SMA, EMA, or VWAP alongside upper and lower deviation bands based on standard deviation, ATR, or percentage offsets. It generates long and short entries when price touches, bounces from, or
This strategy backtests a long Bollinger Band deal on the price chart for 3Commas-style bots. It plots short and long simple moving averages, offset bands, and the average entry price of the open deal. A long starts when price crosses the lower band inside a c
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
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers