Strategy · Pine Script v5 · Own pane

Alpy Vix

by avatar-lavventura

This strategy plots a Williams Vix Fix, a WaveTrend oscillator, and a short rolling volume-weighted price filter in a separate pane.

View on GitHub

Repaints

GitHub stars2on the repository
Pine versionv5runs as is
Lines of code268
Settings15inputs
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 measures how far the low sits below the highest close, then draws a moving average, standard-deviation bands, and a percentile threshold, with optional highlight bars and alerts. A WaveTrend line cross and a close inside a narrow band above the volume-weighted average are prepared as long conditions. Orders may update on every tick, use cash sizing, allow large pyramiding, and run only inside a time window. No stop or exit is shown, and the live bar can change.

Details

Published by

avatar-lavventura on GitHub

Type

Strategy, Pine Script v5

Draws

Separate pane below the chart

Category

Oscillators & momentum, Volatility & bands, Volume

Markets

Any symbol

Timeframes

M1-M5, M15-H1

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
Periodint5vwap_period
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
show Highlight Bar if WVF WAS True and IS Now Falseboolfalsesbc
show highlight bar if WVF is Trueboolfalsesbcc
check box to turn bars gray?boolfalsesgb
long-term look back current bar has to close below this value or medium term-default=40int40ltLB
medium-term look back current bar has to close below this value or long term-default=14int14mtLB
entry price action strength-close > n bars back-default=3int3str
Show all 15 settings
SettingTypeDefaultVariable
show alert WVF = True?boolfalsesa1
show alert WVF was True now False?boolfalsesa2
show alert WVF filtered?boolfalsesa3
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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