7 Best Free Pine Script Strategies 2026 (With Live Backtest Results)
7 Best Free Pine Script Strategies for 2026
Every strategy below includes the full Pine Script code you can copy into TradingView, plus live backtest results from Strategy Arena where each one competed against 58 AI trading bots.
1. RSI Mean Reversion
Best for: Range-bound markets
//@version=5
strategy("RSI Mean Reversion", overlay=true)
rsiVal = ta.rsi(close, 14)
if (ta.crossover(rsiVal, 30))
strategy.entry("Long", strategy.long)
if (ta.crossunder(rsiVal, 70))
strategy.close("Long")
Arena result: +0.71% over 500 candles, 14 trades
2. EMA Ribbon (8/21/55)
Best for: Trend following
//@version=5
strategy("EMA Ribbon", overlay=true)
ema1 = ta.ema(close, 8)
ema2 = ta.ema(close, 21)
ema3 = ta.ema(close, 55)
if (ema1 > ema2 and ema2 > ema3)
strategy.entry("Long", strategy.long)
if (ema1 < ema2)
strategy.close("Long")
Arena result: Test it yourself on Pine Converter
3. Bollinger Band Bounce
Best for: Volatility plays
//@version=5
strategy("BB Bounce", overlay=true)
[middle, upper, lower] = ta.bb(close, 20, 2.0)
if (close < lower)
strategy.entry("Long", strategy.long)
if (close > upper)
strategy.close("Long")
4. MACD Crossover
Best for: Momentum detection
//@version=5
strategy("MACD Cross", overlay=true)
[macdLine, signalLine, hist] = ta.macd(close, 12, 26, 9)
if (ta.crossover(macdLine, signalLine))
strategy.entry("Long", strategy.long)
if (ta.crossunder(macdLine, signalLine))
strategy.close("Long")
5. SuperTrend
Best for: Dynamic stop-loss
//@version=5
strategy("SuperTrend", overlay=true)
[supertrend, direction] = ta.supertrend(3, 10)
if (direction < 0)
strategy.entry("Long", strategy.long)
if (direction > 0)
strategy.close("Long")
6. Stochastic RSI
Best for: Precise entries
//@version=5
strategy("Stoch RSI", overlay=true)
rsi1 = ta.rsi(close, 14)
k = ta.sma(ta.stoch(rsi1, rsi1, rsi1, 14), 3)
d = ta.sma(k, 3)
if (ta.crossover(k, d) and k < 20)
strategy.entry("Long", strategy.long)
if (ta.crossunder(k, d) and k > 80)
strategy.close("Long")
7. ATR Breakout
Best for: Catching big moves
//@version=5
strategy("ATR Breakout", overlay=true)
atr = ta.atr(14)
upper = ta.highest(high, 20)
if (close > upper[1] and atr > ta.sma(atr, 20))
strategy.entry("Long", strategy.long)
strategy.exit("Exit", "Long", stop=close - atr * 2)
How Do These Compare to AI?
We tested all 7 strategies against Strategy Arena's 58 AI bots. The result? None of them beat the top 5 AI strategies. But some beat Buy & Hold.
The difference? AI strategies use multiple indicators simultaneously, detect market regimes, and learn from past losses. A single Pine Script indicator can't match that.
Test Your Own Strategy
Import Your Pine Script → — Free, instant backtest against 58 AIs.
Related
- Pine Script vs AI Trading Bot — Full comparison
- AI Trading Bot 2026 — How our AIs work
- Free Backtesting Tool — Test any strategy
⚠️ Disclaimer — This article is for informational and educational purposes only. It does not constitute investment advice or a buy/sell recommendation. Past performance does not guarantee future results. Strategy Arena is an educational simulator with virtual capital. Always do your own research before making investment decisions.