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 v6 · Own pane
PF TA isolate 02 - RSI(14) bands 30/70
This strategy calculates a 14-period RSI of close and places mean-reversion entries at fixed outer bands.
GitHub stars1on the repository
Pine versionv6current
Lines of code26
Settings0inputs
LicenceApache-2.0
Last update5 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
26 lines of Pine Script v6 from validation/ta-rsi14-bands-30-70-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF TA-isolate probe 02 — RSI(14) bands 30/70
//
// Purpose: isolate ta.rsi(close, 14) at threshold extrema (30 oversold, 70
// overbought). Targets the same RSI math as probe 01 but with mean-reversion
// trade shape (long on RSI cross-up through 30, short on RSI cross-down
// through 70), so signal frequency differs. Cross-checks that engine RSI matches
// TV at low-volatility deep-band crossings (typed-matrix-01 uses RSI > 60 / < 45
// internally, this probe shifts the threshold band wider).
//@version=6
strategy("PF TA isolate 02 - RSI(14) bands 30/70", shorttitle="TAI_02_RSI3070",
overlay=false, initial_capital=1000000,
commission_type=strategy.commission.percent, commission_value=0, slippage=0,
default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=1,
process_orders_on_close=false)
rsi = ta.rsi(close, 14)
// Mean-reversion: long on cross-up out of oversold, short on cross-down out of overbought.
if ta.crossover(rsi, 30.0)
strategy.entry("L", strategy.long, comment="rsi cross up 30")
if ta.crossunder(rsi, 70.0)
strategy.entry("S", strategy.short, comment="rsi cross dn 70")
Overview
PF TA isolate 02 - RSI(14) bands 30/70 enters long when RSI crosses up through 30 and enters short when RSI crosses down through 70. Position size is a fixed quantity of one, with commission and slippage set to zero and orders not processed only on close. There is no stop loss, take profit, or other exit rule, so a new opposite entry is the only reversal shown. No user inputs are defined, and the strategy is set to a separate pane.
- 14-period RSI of close
- Long entry on RSI cross above 30
- Short entry on RSI cross below 70
- Fixed quantity of one
- Zero commission and slippage
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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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