by 
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
Strategy · Pine Script v5 · On the chart
VBandsAlgo (Volatility Bands Mean Reversion)
Calculates volatility bands using a simple moving average and standard deviation, coupled with Average True Range for risk control.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code113
Settings8inputs
LicenceNone stated
Last update8 months ago16 Feb 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
VBandsAlgo (Volatility Bands Mean Reversion) enters long positions when price crosses back above the lower band and short positions when price crosses back below the upper band within an optional trading session. Trades use ATR-based stop loss and take profit orders, alongside mean-reversion exits triggered when price touches the middle or opposite band. Configurable settings adjust band length, standard deviation multiplier, ATR multipliers, and session filtering. Overlaid on the main price chart.
- Volatility bands mean reversion entries
- ATR-based dynamic stop loss and take profit
- Middle band and opposite band exits
- Configurable trading session filter
Details
Published by
Tradehook-org on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Volatility & bands, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Band Length | int | 20 | length |
| StdDev Multiplier | float | 2.0 | stdDevMult |
| ATR Length | int | 14 | atrLength |
| ATR Stop Loss Multiplier | float | 2.0 | slMult |
| ATR Take Profit Multiplier | float | 1.0 | tpMult |
| Filter by Session | bool | false | useSession |
| Trading Session | session | 0930-1600 | tradingSession |
| Session Background Color | color | color.new(color.gray, 90) | sessionColor |
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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