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
Pair Trade: Inputs
This strategy executes trades on the current chart based on daily percentage price changes of an external ticker (GOOG).
GitHub stars64on the repository
Pine versionv5runs as is
Lines of code21
Settings2inputs
LicenceNone stated
Last update4 years ago29 May 2022
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
Pair Trade: Inputs fetches the daily open and close prices of the reference symbol to compute its intraday price change ratio. When the reference asset drops below a set percentage threshold, the strategy enters a long position. When the reference asset rises above the upper threshold, it enters a short position. The price change ratio is plotted in a separate pane. The strategy does not include stop-loss or profit-target exit rules.
- External asset security data fetching
- Configurable percentage threshold inputs
- Daily price change ratio calculation
- Separate pane ratio plotting
Details
Published by
PythonForForex on GitHub
Type
Strategy, Pine Script v5
Draws
Separate pane below the chart
Category
Mean reversion
Markets
Stocks
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
pinescripttradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| % Change for short entries | int | 5 | longTrigger |
| % Change for long entries | int | 5 | shortTrigger |
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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