by 
This strategy trades mean-reversion setups using the Bollinger Bands Percent Bandwidth (%B) oscillator plotted in a separate pane. It calculates upper and lower bands using a simple moving average and standard deviation multiplier. Long positions are entered w
Strategy · Pine Script v4 · Own pane
Alpy VIX
This strategy combines the Williams Vix Fix oscillator with volume-weighted moving average (VWMA) bands to identify reversal entries.
Repaints
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code68
Settings10inputs
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 plots the VIX Fix histogram and optional Bollinger and percentile bands in a separate pane. Long entries trigger when the oscillator cools down from extreme levels while price sits below the lower VWMA band, while short entries trigger near the upper band. Exits occur when consecutive neutral bars appear or when conditions meet custom bar index thresholds. The script lacks standard stop loss orders and recalculates on every tick.
- Williams Vix Fix volatility oscillator
- VWMA offset percentage bands
- Configurable percentile and standard deviation thresholds
- Date window backtesting filter
- Automated alert message integration
Details
Published by
avatar-lavventura on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Volatility & bands, Moving averages, Mean reversion
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 |
|---|---|---|---|
| short_offset | float | 3.0 | upper_band_value |
| long_offset | float | 3.5 | lower_band_value |
| LookBack Period Standard Deviation High | int | 22 | pd |
| Bolinger Band Length | int | 20 | bl |
| Bollinger Band Standard Devaition Up | float | 2.0 | mu |
| 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 |
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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