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Bollinger + RSI, Double Strategy (by ChartArt) v1.1

Script from: TradingViewLongTermTrend followingMean reversionVolatility

This strategy uses the RSI indicator with Bollinger Bands to sell above the upper Bollinger Band and buy below the lower band. RSI and Bollinger Band must both indicate overbought or oversold to trigger. Version 1.1 simplifies inputs and improves backtesting by using a 200-period SMA for the Bollinger Band and fewer color alerts for more relevant opportunities.

Premium users only

Premium users can access all backtests with a profit factor above 3

@ Daily

5.43

Profit Factor

199.04 %

Total ROI

19

Premium users only

Premium users can access all backtests with a profit factor above 3

@ 15 min

3.74

Profit Factor

254.56 %

Total ROI

32

Premium users only

Premium users can access all backtests with a profit factor above 3

@ 1 h

3.57

Profit Factor

1,457.16 %

Total ROI

38

VIRTUAL / TetherUS (VIRTUALUSDT)

+ Bollinger + RSI, Double Strategy (by ChartArt) v1.1

@ 1 h

2.99

Profit Factor

800.56 %

Total ROI

29

Fastenal Company (FAST)

+ Bollinger + RSI, Double Strategy (by ChartArt) v1.1

@ 2 h

2.56

Profit Factor

490.15 %

Total ROI

42

E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT...)

+ Bollinger + RSI, Double Strategy (by ChartArt) v1.1

@ 4 h

2.52

Profit Factor

244.20 %

Total ROI

40

Fastenal Company (FAST)

+ Bollinger + RSI, Double Strategy (by ChartArt) v1.1

@ 4 h

2.26

Profit Factor

477.62 %

Total ROI

30

Lumen Technologies, Inc. (LUMN)

+ Bollinger + RSI, Double Strategy (by ChartArt) v1.1

@ 4 h

2.11

Profit Factor

110.82 %

Total ROI

17

WIF / TetherUS (WIFUSDT)

+ Bollinger + RSI, Double Strategy (by ChartArt) v1.1

@ 1 h

2.04

Profit Factor

6,171.92 %

Total ROI

47

Rocket Companies, Inc. (RKT)

+ Bollinger + RSI, Double Strategy (by ChartArt) v1.1

@ 1 h

1.39

Profit Factor

156.63 %

Total ROI

24

Pacific Gas & Electric Co. (PCG)

+ Bollinger + RSI, Double Strategy (by ChartArt) v1.1

@ Daily

1.34

Profit Factor

65.54 %

Total ROI

23

Comcast Corporation (CMCSA)

+ Bollinger + RSI, Double Strategy (by ChartArt) v1.1

@ 5 min

1.34

Profit Factor

10.69 %

Total ROI

29

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Active Trades

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Bollinger + RSI, Double Strategy (by ChartArt) v1.1 backtest statistics

Aggregated across every validated backtest TradeSearcher has run on this strategy. Figures update automatically as new backtests are added — they are not edited by hand. Classified as long-term by holding period.

20
Backtests run
2.0
Avg profit factor
+545%
Avg net profit
+61%
Avg annualized return
75%
Avg max drawdown
0.13
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by >1,000% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Crypto461.8>1,000%—0.27
Stocks7641.8+243%72%0.10
Forex725.4+199%20%0.03

Backtests use the validated-universe filter: non-repainting scripts, over 15 trades, non-excluded. Per-market rows appear only when at least one backtest exists for that asset class.

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