This indicator calculates standardized z-scores of price data across four different lookback periods (6, 14, 26, and 100). Standardizing data subtracts the moving average from the price and divides by the standard deviation. It applies a Double Exponential Mov
Indicator · Pine Script v4 · Own pane
Combo Williams Vix Fix (Twin)
This indicator implements a dual-direction variation of the Williams Vix Fix oscillator in a separate pane.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code76
Settings14inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
Combo Williams Vix Fix (Twin) normalizes price data using min-max scaling to compute both upward and downward synthetic volatility metrics across two selectable calculation modes each. Values are evaluated against Bollinger Bands and percentile ranges to highlight potential market turning points or momentum surges with dynamic histogram coloring. Users can adjust standard deviation lookbacks, band multipliers, percentile thresholds, and toggle reference boundary lines.
- Dual upward and downward Williams Vix Fix metrics
- Min-max price normalization
- Bollinger Band and percentile threshold filtering
- Configurable color scheme for trend continuation or reversal
- Optional percentile range and standard deviation overlay lines
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Volatility & bands, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| VixFix UP [1,2] | int | 1 | tp |
| VixFix DN [1,2] | int | 1 | tp2 |
| Reverse Colors | bool | false | rev |
| LookBack Period Standard Deviation High/Low | int | 22 | pd |
| Bolinger Band Length | int | 20 | bbl |
| Bollinger Band Standard Deviation Up/Dn | float | 2.0 | mult |
| LookBack | int | 60 | p |
| Look Back Period Percentile High/Low | 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 |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Low Range - Based on Percentile and LookBack Period? | bool | false | hp2 |
| Show Standard Deviation Line? | bool | false | sd2 |
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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