This strategy combines the WaveTrend oscillator, a multi-timeframe MACD, and the Williams Vix Fix indicator to identify momentum reversals and volatility spikes in a separate chart pane.
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
Order entry conditions trigger based on WaveTrend oversold thresholds and MACD signal crossings alongside Vix Fix criteria. Settings allow configuration of the higher timeframe, MACD periods, and Williams Vix Fix Bollinger Band and percentile parameters. The strategy runs with tick-level calculations, permits unlimited pyramiding, repaints on live unconfirmed bars, and does not include a stop loss.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Use Current Chart Resolution?
bool
true
useCurrentRes
Use Different Timeframe? Uncheck Box Above
timeframe
60
resCustom
Show MacD & Signal Line? Also Turn Off Dots Below
bool
true
smd
Show Dots When MacD Crosses Signal Line?
bool
true
sd
Show Histogram?
bool
true
sh
MacD Histogram 4 Colors?
bool
true
hist_colorChange
fastLength
int
12
fastLength
slowLength
int
26
slowLength
signalLength
int
9
signalLength
lookback period standard deviation high
int
22
pd
bolinger band length
int
20
bbl
Bollinger Band Standard Devaition Up
float
2.0
mult
Show all 29 settings
Setting
Type
Default
Variable
Look Back Period Percentile High
int
50
lb
Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99%
float
.85
ph
Highlight Bars Below Use Original Criteria
bool
false
new
Show Highlight Bar if WVF WAS True and IS Now False
bool
false
sbc
Show Highlight Bar if WVF IS True
bool
false
sbcc
Highlight Bars Below Use FILTERED Criteria
bool
false
new2
Check Below to turn All Bars Gray, Then Check the Boxes Above, And your will have Same Colors As VixFix
bool
false
new3
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 > X Bars Back---Default=3
int
3
str
Turn On/Off ALERTS Below
bool
false
new4
To Activate Alerts You HAVE To Check The Boxes Below For Any Alert Criteria You Want
bool
false
new5
You Can Un Check The Box BELOW To Turn Off the WVF Histogram And Just See True/False Alert Criteria
bool
false
new6
Show Williams Vix Fix Histogram, Uncheck to Turn Off!
bool
true
swvf
Show Alert WVF = True?
bool
false
sa1
Show Alert WVF Was True Now False?
bool
false
sa2
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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