This strategy calculates Bollinger Bands and Aroon oscillator values to identify mean-reversion opportunities. It enters a long position using full equity when the closing price crosses below the lower Bollinger Band while Aroon Up remains above a user-specifi
Strategy · Pine Script v5 · On the chart
Trend Trader Strategy
Calculates a dynamic trend level based on recent highest and lowest prices adjusted by a weighted moving average of Average True Range.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code39
Settings2inputs
LicenceNone statedfile: MPL-2.0
Last update3 months ago24 Jul 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
39 lines of Pine Script v5 from pinescript/moving_averages/green-bull-strategy.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © shane10kelly
//@version=5
strategy(title='Trend Trader Strategy', overlay=true, process_orders_on_close=true)
Length = input.int(21, minval=1)
Multiplier = input.float(3, minval=0.000001)
avgTR = ta.wma(ta.atr(1), Length)
highestC = ta.highest(Length)
lowestC = ta.lowest(Length)
hiLimit = highestC[1] - avgTR[1] * Multiplier
loLimit = lowestC[1] + avgTR[1] * Multiplier
ret = 0.0
pos = 0.0
ret := close > hiLimit and close > loLimit ? hiLimit :
close < loLimit and close < hiLimit ? loLimit :
nz(ret[1], close)
pos := close > ret ? 1 :
close < ret ? -1 :
nz(pos[1], 0)
// === TRADE EXECUTION ===
if pos != pos[1] and pos == 1
strategy.entry("Long", strategy.long)
alert("Buy Signal", alert.freq_once_per_bar_close)
if pos != pos[1] and pos == -1
strategy.entry("Short", strategy.short)
alert("Sell Signal", alert.freq_once_per_bar_close)
// === VISUALS ===
barcolor(pos == -1 ? color.red : pos == 1 ? color.green : color.blue)
plot(ret, color=color.blue, title='Trend Trader Line')
Overview
Trend Trader Strategy plots the Trend Trader Line directly on the price chart and colors bars according to the active trend direction. Long entries trigger when price closes above the trailing level, while short entries trigger when price falls below it. User settings control the lookback length and ATR multiplier. The strategy operates as a continuous position reversal system with no explicit stop loss exits.
- Dynamic ATR-based trailing trend line
- Trend-based bar coloring
- Continuous long and short reversal entries
- Configurable ATR multiplier and lookback length
Details
Published by
eddiebelaval on GitHub
Code credit
shane10kelly, as written in the script's header
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 21 | Length |
| Multiplier | float | 3 | Multiplier |
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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