OrangePulse v3.0 Lite - Educational DCA Strategy

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This open-source script is a simplified version of the OrangePulse algorithm, designed for educational purposes to demonstrate the power of Dollar Cost Averaging (DCA) and Mean Reversion.

📈 Strategy Logic:
The script uses a combination of Bollinger Bands and RSI (Relative Strength Index) to identify potential mean reversion opportunities.
- Entry: Triggered when price pushes below the lower Bollinger Band while RSI is in oversold territory.
- Management: Utilizes up to 3 Safety Orders (DCA) to improve the average entry price during pullbacks.

🎯 Features:
• Customizable Volume Scale and Step Scale for Safety Orders.
• Visual AVG price line and TP/SL levels.
• Time-window filter for backtesting.
• Real-time Status Table for position monitoring.

This script is shared in the spirit of open-source development on TradingView. It is intended to help traders understand how automated position building and risk management work in volatile markets.

Check my profile status/bio for more information on our project.

⚠️ Disclaimer: For educational purposes only. Past performance does not guarantee future results.

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Phát hành các Ghi chú

This open-source script is a simplified version of the OrangePulse algorithm, designed for educational purposes to demonstrate the power of Dollar Cost Averaging (DCA) and Mean Reversion.

📈 Strategy Logic:
The script uses a combination of Bollinger Bands and RSI (Relative Strength Index) to identify potential mean reversion opportunities.
- Entry: Triggered when price pushes below the lower Bollinger Band while RSI is in oversold territory.
- Management: Utilizes up to 3 Safety Orders (DCA) to improve the average entry price during pullbacks.

🎯 Features:
• Customizable Volume Scale and Step Scale for Safety Orders.
• Visual AVG price line and TP/SL levels.
• Time-window filter for backtesting.
• Real-time Status Table for position monitoring.

This script is shared in the spirit of open-source development on TradingView. It is intended to help traders understand how automated position building and risk management work in volatile markets.

Check my profile status/bio for more information on our project.

⚠️ Disclaimer: For educational purposes only. Past performance does not guarantee future results.