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
Strategy · Pine Script v5 · On the chart
Trend Scanner Strategy (A/B Test)
A strategy version of an ATR pullback scanner.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code158
Settings15inputs
LicenceNone stated
Last update4 months ago16 Jun 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
Trend Scanner Strategy (A/B Test) requires a strong, rising ADX with directional indicators to set the trend direction, and an optional daily SMA 50 and 200 filter. A pullback zone is measured in ATR units from the recent swing. A toggle chooses between entering when the zone is reached or waiting for a pin bar or engulfing candle. It uses ATR-based stop and trailing stop settings, with percent-of-equity sizing and commission.
- Two entry modes for A/B comparison
- ADX and DI trend filter
- Pin bar and engulfing candle confirmation
- ATR stop and trailing stop
- Daily SMA trend filter
Details
Published by
dcrown99 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Candlestick patterns, Oscillators & momentum
Markets
Any symbol
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 |
|---|---|---|---|
| Use Price Action Entry (Mode B) | bool | true | usePriceAction |
| ADX / DI Length | int | 14 | adxLen |
| ADX Smoothing Length | int | 14 | adxSmooth |
| ADX Threshold | int | 30 | adxTh |
| ATR Length | int | 14 | atrLen |
| ADX Slope Bars | int | 3 | adxSlopeBars |
| Swing Lookback (Bars) | int | 10 | lookback |
| Min Pullback ATR | float | 0.5 | minPbAtr |
| Max Pullback ATR | float | 1.5 | maxPbAtr |
| Stop Loss ATR Multiplier (Mode A) | float | 1.0 | slAtrMult |
| Trail Stop ATR Multiplier | float | 2.0 | trailAtrMult |
| Use Daily SMA Filter | bool | true | useDailyFilter |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show SMA Lines on Chart | bool | false | showSmaLines |
| SMA Fast Length | int | 50 | smaFastLen |
| SMA Slow Length | int | 200 | smaSlowLen |
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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