by 
This strategy plots Bollinger Bands on the price chart using an EMA or SMA basis and a matching standard-deviation calculation. It enters long when price crosses back above the lower band and short when price crosses back below the upper band. An optional Intr
Strategy · Pine Script v5 · Own pane
Alpy Vix
This strategy calculates a rolling volume-weighted average price and Chris Moody's Williams Vix Fix to detect market bottoms and oversold volatility spikes.
Repaints
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code147
Settings15inputs
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 in a separate pane and colors chart bars based on filtered exhaustion criteria and price action strength. Key inputs adjust VWAP period, standard deviation lookbacks, Bollinger Band multipliers, and percentile thresholds. Notably, the strategy executes on every tick, which causes live-bar repainting, enables extreme pyramiding, and operates without a defined stop loss.
- Williams Vix Fix calculation
- Rolling VWAP filter
- Bollinger Band standard deviation bands
- Percentile high range detection
- Filtered pivot alert criteria
Details
Published by
avatar-lavventura on GitHub
Type
Strategy, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands, Mean reversion, Volume
Markets
Any symbol
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 |
|---|---|---|---|
| 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 > X 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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