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 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.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Period
int
5
vwap_period
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
show Highlight Bar if WVF WAS True and IS Now False
bool
false
sbc
show highlight bar if WVF is True
bool
false
sbcc
check box to turn bars gray?
bool
false
sgb
long-term look back current bar has to close below this value or medium term-default=40
int
40
ltLB
medium-term look back current bar has to close below this value or long term-default=14
int
14
mtLB
entry price action strength-close > n bars back-default=3
int
3
str
Show all 15 settings
Setting
Type
Default
Variable
show alert WVF = True?
bool
false
sa1
show alert WVF was True now False?
bool
false
sa2
show alert WVF filtered?
bool
false
sa3
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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