Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading. It evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long posit
Strategy · Pine Script v6 · On the chart
TnSovereignWaveTrendV4
Calculates the classic WaveTrend oscillator using exponential moving averages and absolute deviations of typical price.
GitHub stars1on the repository
Pine versionv6current
Lines of code160
Settings22inputs
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 trigger on momentum reversals across timeframe-specific overbought and oversold thresholds, filtered through configurable quality gates including an ATR rank filter, higher-timeframe exhaustion filter, and counter-trend range filter. Positions exit via ATR-based stop loss and take profit targets alongside an exit cooldown mechanism. Configurable settings include channel lengths, timeframe gates, session filters, and trade direction modes, overlaid directly on the price chart.
- WaveTrend oscillator momentum reversal engine
- Timeframe-specific overbought and oversold thresholds
- Triple quality gates for ATR rank, HTF exhaustion, and range filtering
- ATR-based dynamic stop loss and take profit execution
- Session filtering with post-exit bar cooldown
Details
Published by
raybird on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
M15-H1, H4 and above
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 |
|---|---|---|---|
| Channel Length (chLen) | int | 10 | tn_chLen |
| Average Length (avgLen) | int | 21 | tn_avgLen |
| Signal Length (sigLen) | int | 4 | tn_sigLen |
| OB 15m | int | 60 | tn_ob_15m |
| OS 15m | int | -60 | tn_os_15m |
| OB 1H | int | 53 | tn_ob_1h |
| OS 1H | int | -53 | tn_os_1h |
| OB 4H | int | 50 | tn_ob_4h |
| OS 4H | int | -50 | tn_os_4h |
| OB 1D | int | 45 | tn_ob_1d |
| OS 1D | int | -45 | tn_os_1d |
| Gate A: ATR Rank band killer | bool | true | tn_gate_a |
Show all 22 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Gate C: HTF exhaustion filter | bool | true | tn_gate_c |
| Gate G: Counter-trend range filter | bool | true | tn_gate_g |
| ATR Rank Length | int | 50 | tn_atr_rank_len |
| HTF (for exhaustion filter) | timeframe | 240 | tn_htf_tf |
| ATR Length | int | 14 | tn_atr_len |
| SL Multiplier | float | 1.5 | tn_sl_mult |
| TP Multiplier | float | 3.0 | tn_tp_mult |
| Cooldown (bars after exit) | int | 5 | tn_cooldown |
| Session Filter (empty=any) | session | 0000-0000 | tn_session |
| Direction Mode | string | Both | tn_direction |
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
Mean Reversion Strategy is an overlay strategy that identifies pullbacks using a long-term EMA, RSI, and candlestick patterns. It generates long signals when a bullish engulfing candle forms below the EMA while RSI is oversold, and short signals when a bearish
This strategy draws on the price chart and combines Stochastic RSI, the Money Flow Index, and an exponential moving average to open long or short trades. Longs use the lower oscillator thresholds and shorts use the upper ones, with direction limited to longs,
This strategy combines Bollinger Bands with a short RSI to fade moves that leave the bands and then return. A long requires the prior bar below the lower band and oversold, then a close back inside the band while RSI is between 30 and 50. Shorts mirror that at
This strategy implements Larry Connors' 2-period RSI mean-reversion algorithm overlaid on the price chart. It filters trades using a long-term Simple Moving Average (SMA), entering long positions when the price trades above the SMA and the short-term RSI drops
This strategy combines multi-timeframe RSI analysis with exponential moving average filters to execute trades on price bounces. It evaluates daily and weekly RSI levels alongside pip-distance thresholds between fast, slow, and long-term EMAs. Position entries
Related on ForexR
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers