[TradersPost] Sick Sigma: Free TradingView Strategy (Pine Script)

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

The strategy supports both momentum and mean-reversion trading styles. Traders can configure calculation lookback periods, sigma thresholds, maximum sigma bounds, and exit parameters like bar timeouts, mean crosses, or band offsets. Stop loss management is disabled by default. The script updates on every tick, which causes live signals to repaint before bar close.

Statistical sigma event detection
Momentum and mean reversion execution
Multiple exit modes and timeouts
Customizable unit conversion framework

Details

Published by

TradersPost on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)
The strategy enters trades without a stop loss

File

projects/sigma-event-strategy.pine

Repository

github.com/TradersPost/pinescript-agents. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Sigma Threshold	`float`	`3.0`	`i_sigma_threshold`
└ Timeframe	`timeframe`		`i_sigma_timeframe`
└ Max Sigma	`float`	`10.0`	`i_max_sigma`
└ Number of Bands	`int`	`5`	`i_num_bands`
Calculation Mode	`string`	`All History`	`i_calc_mode`
└ Lookback Period	`int`	`20`	`i_lookback_period`
Exit Mode	`string`	`Price Crosses Mean`	`i_exit_mode`
└ Exit After Bars	`int`	`10`	`i_exit_bars`
Use Band Exit	`bool`	`true`	`i_use_band_exit`
i_exit_band_offset	`float`	`1.0`	`i_exit_band_offset`
Default Unit	`string`	`PnL`	`i_global_unit`
ATR Period	`int`	`14`	`i_atr_period`

Show all 40 settings

Setting	Type	Default	Variable
Timezone	`string`	`America/New_York`	`i_global_tz`
Trigger Price	`string`	`Current`	`i_trigger_price`
Use Date Range	`bool`	`false`	`i_use_backtest_range`
i_backtest_preset	`string`	`Custom`	`i_backtest_preset`
Start Date	`time`	`timestamp('01 Jan 2020 00:00 +0000')`	`i_backtest_start`
End Date	`time`	`timestamp('31 Dec 2030 23:59 +0000')`	`i_backtest_end`
Direction	`string`	`Both`	`i_direction`
i_order_type	`string`	`Market`	`i_order_type`
i_color_entry	`color`	`color.gray`	`i_color_entry`
Trade Style	`string`	`Momentum`	`i_trade_style`
└ Limit Offset	`float`	`5`	`i_limit_offset`
i_limit_offset_unit	`string`	`Ticks`	`i_limit_offset_unit`
Position Mode	`string`	`Single`	`i_position_mode`
Use Stop Loss	`bool`	`false`	`i_use_sl`
i_sl_value	`float`	`200`	`i_sl_value`
i_sl_unit	`string`	`Global`	`i_sl_unit`
i_color_sl	`color`	`color.red`	`i_color_sl`
└ Trailing ›	`bool`	`false`	`i_use_trail`
Trigger	`float`	`500`	`i_trail_activation`
Offset	`float`	`250`	`i_trail_offset`
└ BE ›	`bool`	`false`	`i_use_breakeven`
Trigger	`float`	`1000`	`i_breakeven_activation`
Lock In	`float`	`500`	`i_breakeven_profit`
i_color_be_trig	`color`	`#ff9900ba`	`i_color_be_trig`
Use Take Profit	`bool`	`false`	`i_use_tp`
i_tp_value	`float`	`200`	`i_tp_value`
i_tp_unit	`string`	`Global`	`i_tp_unit`
i_color_tp	`color`	`color.green`	`i_color_tp`

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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