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BB Mean Reversion Signals (Multi-Entry Smart Indicator)

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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.

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