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
SA-TEST 03
This strategy calculates a 14-period RSI of close and plots it in a separate pane with horizontal lines at 30 and 70.
Repaints
GitHub stars5on the repository
Pine versionv6current
Lines of code40
Settings0inputs
LicenceMIT
Last update5 months ago17 May 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
40 lines of Pine Script v6 from docs/examples/[SA-TEST 03] RSI Reversal.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
strategy(
title = "[SA-TEST 03]",
overlay = false,
initial_capital = 10000,
default_qty_type = strategy.percent_of_equity,
default_qty_value = 100,
pyramiding = 0,
commission_type = strategy.commission.percent,
commission_value = 0.01,
slippage = 0,
margin_long = 0,
margin_short = 0,
calc_on_order_fills = true,
calc_on_every_tick = true,
process_orders_on_close = true,
fill_orders_on_standard_ohlc = true)
// Classic RSI reversal:
// long when RSI crosses BACK ABOVE oversold (i.e., recovering from a dip)
// exit when RSI crosses BACK BELOW overbought (i.e., reversing from a top)
length = 14
oversold = 30
overbought = 70
rsi = ta.rsi(close, length)
longCondition = ta.crossover(rsi, oversold)
exitCondition = ta.crossunder(rsi, overbought)
if longCondition
strategy.entry("Long", strategy.long)
if exitCondition
strategy.close("Long")
// Optional: plot the RSI with threshold lines
plot(rsi, "RSI", color.aqua)
hline(oversold, "Oversold", color.green)
hline(overbought, "Overbought", color.red)
Overview
SA-TEST 03 opens a long when RSI crosses above the oversold level and closes that long when RSI crosses below the overbought level. There are no short entries and no stop loss. Size defaults to 100 percent of equity, with a 0.01 percent commission and zero slippage. Length and thresholds are fixed in the code, not inputs. Signals can change on the live bar.
- 14-period RSI of close
- Long entry on RSI crossover of 30
- Long exit on RSI crossunder of 70
- Oversold and overbought horizontal lines
- Percent-of-equity sizing with percent commission
Details
Published by
durdenbtc on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy enters trades without a stop loss
Topics
investingpinescriptpython
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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