by 
This strategy captures strong bullish momentum by combining a 200-period SMA baseline, a custom Bollinger Band, the True Strength Index (TSI) smoothed with WMAs, and the ADX trend strength indicator. It initiates long positions when price is above the 200 SMA,
Strategy · Pine Script v4 · Own pane
Alpy Vix
This strategy plots a Williams Vix Fix histogram in a separate pane and compares price with a volume-weighted moving average of HLC3.
Repaints
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code96
Settings11inputs
LicenceNone stated
Last update7 months ago5 Mar 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 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 buys when the histogram turns from lime to gray, price is below the VWMA by the long offset, and the close ticks down. It sells short on the same color change above the VWMA when the close ticks up and is above 1. The target-profit setting defaults to half a percent, while the code also uses fixed five-percent targets and shows no stop loss. Pyramiding is enabled and signals can change on the live bar.
- Williams Vix Fix histogram
- VWMA long and short offsets
- Bollinger and percentile range lines
- Target profit percent input
- Hardcoded 2021 trading window
Details
Published by
avatar-lavventura on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Volatility & bands, 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.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Long Offset | float | 3.0 | lower_band_value |
| Short Offset | float | 3.0 | upper_band_value |
| LookBack Period Standard Deviation High | int | 22 | pd |
| Bolinger Band Length | int | 20 | bbl |
| Bollinger Band Standard Devaition Up | float | 2.0 | mult |
| Look Back Period Percentile High | int | 50 | lb |
| Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99% | float | .85 | ph |
| Lowest Percentile - 1.10=90%, 1.05=95%, 1.01=99% | float | 1.01 | pl |
| Show High Range - Based on Percentile and LookBack Period? | bool | false | hp |
| Show Standard Deviation Line? | bool | false | sd |
| Target Profit % | float | 0.5 | tp |
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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