Strategy · Pine Script v4 · Own pane

Alpy Vix

by avatar-lavventura

This strategy plots the Williams Vix Fix in a separate pane with Bollinger Bands and VWMA lines.

View on GitHub

Repaints

GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code125
Settings11inputs
LicenceNone stated
Last update7 months ago5 Mar 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Alpy Vix signals long entries when the Vix Fix color shifts from lime to gray, meets VWMA long conditions and close is lower. Short signals trigger on the opposite color change with VWMA short conditions and higher close. A 0.5 percent target profit exits positions. Main inputs adjust VWMA offset, Bollinger length and deviation, lookback periods for percentile ranges and standard deviation. The strategy repaints on the live bar, allows pyramiding and has no stop loss.

Details

Published by

avatar-lavventura on GitHub

Type

Strategy, Pine Script v4

Draws

Separate pane below the chart

Category

Volatility & bands, Oscillators & momentum, Moving averages

Markets

Crypto

Timeframes

Any timeframe

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)
  • The strategy can add several entries in the same direction
  • The strategy enters trades without a stop loss

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Long Offsetfloat3.0lower_band_value
Short Offsetfloat3.0upper_band_value
LookBack Period Standard Deviation Highint22pd
Bolinger Band Lengthint20bbl
Bollinger Band Standard Devaition Upfloat2.0mult
Look Back Period Percentile Highint50lb
Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99%float.85ph
Lowest Percentile - 1.10=90%, 1.05=95%, 1.01=99%float1.01pl
Show High Range - Based on Percentile and LookBack Period?boolfalsehp
Show Standard Deviation Line?boolfalsesd
Target Profit %float0.5tp
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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