by 
This strategy combines Larry Williams' Vix Fix synthetic volatility indicator with Bollinger Bands. It calculates standard and inverted Williams Vix Fix metrics, displaying them as histogram columns with standard deviation bands in a separate pane. Long entrie
Strategy · Pine Script v5 · Own pane
CTC BB Hedge Strategy
CTC BB Hedge Strategy calculates the Pearson correlation coefficient between the close prices of two symbols to determine market alignment.
Repaints
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code444
Settings32inputs
LicenceNone stated
Last update1 year ago7 Oct 2025
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
CTC BB Hedge Strategy applies Bollinger Bands to the primary symbol for mean-reversion signals while optionally filtering with a moving average. The strategy supports three trade types using percent of equity, risk-based sizing, or fixed USD amounts and enforces a leverage limit. Traders can choose ATR-based or fixed-percentage take-profit and stop-loss levels. A separate pane displays performance statistics including monthly returns.
- Bollinger Bands
- Pearson Correlation
- ATR TP/SL
- Hedge Strategy
- MA Filter
Details
Published by
wynnforthework on GitHub
Type
Strategy, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands, Mean reversion
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
- The strategy can add several entries in the same direction
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Symbol 2 | symbol | OKX:ETHUSDT | symbol2 |
| Correlation Threshold | float | -0.5 | correlationThreshold |
| Correlation Length | int | 20 | correlationLen |
| Trade Type | string | Trade % | tradeType |
| long Percent | float | 50 | longPercent |
| Short Percent | float | 50 | shortPercent |
| Leverage Limit | float | 5 | leverageLimit |
| Use ATR TP/SL | bool | true | useAtrTpSl |
| ATR Length | int | 14 | atrLen |
| ATR Stoploss Multiplier | float | 4.0 | stopLossAtrMul |
| ATR Take Profit Multiplier | float | 6.0 | takeProfitAtrMul |
| Take Profit (%) | float | 20 | profitPct |
Show all 32 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Stop Loss (%) | float | 15 | stopLossPct |
| BB Length | int | 20 | bbLen |
| BB Multiplier | float | 2 | bbMul |
| BB MA type | string | SMA | bbMaType |
| SD From Basis | bool | false | bbSdFromBasis |
| Use MA | bool | true | useMa |
| MA Length | int | 50 | maLen |
| ----------- Use Date Range ---------- | bool | true | use_date_range |
| From Time | time | timestamp("01 Jan 2018 00:00 +0000") | fromTime |
| To Time | time | timestamp("31 Dec 2099 00:00 +0000") | toTime |
| Show Stats | bool | true | showStats |
| Show Monthly Returns | bool | true | showMonthlyReturns |
| Mode | string | Simple Equity | i_eq_to_dd |
| Return Precision | int | 2 | i_precision |
| Headers Color | color | #D4D4D4 | i_headers_col |
| Headers Text Color | color | color.black | i_headers_text_col |
| Positive Color | color | color.green | i_pos_col |
| Negative Color | color | color.red | i_neg_col |
| Zero Color | color | #DDDDDD | i_zero_col |
| Cell Text Color | color | color.white | i_cell_text_col |
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.
Similar Pine Scripts
This strategy executes mean-reversion trades based on Bollinger Bands and the Stochastic Oscillator. Long orders trigger when price dips below the lower band alongside a bullish Stochastic crossover, with an optional oversold threshold. Short orders execute on
This strategy fades Bollinger Band extremes using the close. It enters short when price crosses above the upper band and the 14-period RSI is above 70, and enters long when price crosses below the lower band and RSI is below 30. It closes half of an open short
This strategy calculates a smoothed Relative Strength Index and plots self-adjusting linear regression bands with overbought and oversold boundaries in a separate pane. It enters long positions through dollar-cost averaging orders scaled across market phases a
VT-Lite is a Pine Script v5 mean-reversion strategy that draws in a separate pane. It sizes equity-percent entries from a short-term EMA and ATR band distance, with a volatility EMA threshold and a choice of close, low, or ATR-band source. It can add reentries
This strategy plots the Williams Vix Fix indicator as a histogram in a separate pane to detect potential trend reversals. It calculates the Vix Fix value using a lookback period and standard deviation bands derived from Bollinger Bands on the Vix Fix. Multiple
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers