PROTECTED SOURCE SCRIPT
BB Mean Reversion Signals (Multi-Entry Smart Indicator)
BB Mean Reversion Signals Indicator is a visual trading tool designed for traders who want to spot potential mean-reversion opportunities using Bollinger Bands, RSI, and ATR. It provides entry points, partial exits, profit targets, and fallback signals on any timeframe. This indicator does not execute trades automatically — it’s purely for chart analysis and alerts.
Key Features:
Bollinger Bands (BB) Setup:
Basis (SMA), Upper Band, and Lower Band plotted.
Bands automatically adjust based on the selected period and standard deviation.
Helps visualize overbought / oversold price zones.
Entry Signal:
Buy signal is generated when price is below BB lower band AND RSI > defined threshold.
Signal is plotted as green “ENTRY” label below the bar.
Partial Exit / TP1 Signal:
First target (TP1) is generated when price crosses above BB basis (middle line).
Plotted as blue circle above the bar.
Supports partial exit logic tracking.
Full Exit / TP2 Signal:
Second target (TP2) is triggered when price crosses above BB upper band.
Plotted as red triangle above the bar.
Marks a strong profit-taking point.
Fallback Signal:
If price reverses after TP1 and falls back below BB basis, the fallback (FB) signal appears.
Plotted as purple X-cross above the bar.
ATR-based Stop-Loss (visual reference):
ATR is used to suggest potential stop-loss distance.
Helps identify risk levels without automatic trading.
Flexible Timeframes:
Works on any timeframe (5M, 1H, daily, intraday).
Suitable for both swing and intraday traders.
Indicator-Only (No Auto-Trading):
Unlike strategies, this is purely visual.
Traders can place manual orders based on signals.
Inputs / Customization:
BB Length & StdDev: Adjust Bollinger Bands sensitivity.
RSI Length & Cut-off: Fine-tune entry conditions.
ATR Length & Multiplier: Visual stop-loss distance.
Max Labels: Prevents chart clutter for long histories.
Use Cases:
Spot potential mean-reversion entries.
Plan partial / full exits visually.
Identify price extremes with Bollinger Bands and RSI.
Use alerts (optional) for trade notifications.
Key Features:
Bollinger Bands (BB) Setup:
Basis (SMA), Upper Band, and Lower Band plotted.
Bands automatically adjust based on the selected period and standard deviation.
Helps visualize overbought / oversold price zones.
Entry Signal:
Buy signal is generated when price is below BB lower band AND RSI > defined threshold.
Signal is plotted as green “ENTRY” label below the bar.
Partial Exit / TP1 Signal:
First target (TP1) is generated when price crosses above BB basis (middle line).
Plotted as blue circle above the bar.
Supports partial exit logic tracking.
Full Exit / TP2 Signal:
Second target (TP2) is triggered when price crosses above BB upper band.
Plotted as red triangle above the bar.
Marks a strong profit-taking point.
Fallback Signal:
If price reverses after TP1 and falls back below BB basis, the fallback (FB) signal appears.
Plotted as purple X-cross above the bar.
ATR-based Stop-Loss (visual reference):
ATR is used to suggest potential stop-loss distance.
Helps identify risk levels without automatic trading.
Flexible Timeframes:
Works on any timeframe (5M, 1H, daily, intraday).
Suitable for both swing and intraday traders.
Indicator-Only (No Auto-Trading):
Unlike strategies, this is purely visual.
Traders can place manual orders based on signals.
Inputs / Customization:
BB Length & StdDev: Adjust Bollinger Bands sensitivity.
RSI Length & Cut-off: Fine-tune entry conditions.
ATR Length & Multiplier: Visual stop-loss distance.
Max Labels: Prevents chart clutter for long histories.
Use Cases:
Spot potential mean-reversion entries.
Plan partial / full exits visually.
Identify price extremes with Bollinger Bands and RSI.
Use alerts (optional) for trade notifications.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.