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
TnSovereignVwapRegimeV6
TnSovereignVwapRegimeV6 is a mean-reversion strategy designed to trade price exhaustion away from the volume-weighted average price (VWAP).
GitHub stars1on the repository
Pine versionv6current
Lines of code107
Settings7inputs
LicenceNone stated
Last update2 months ago15 Aug 2026
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
TnSovereignVwapRegimeV6 calculates standard deviation bands around a session VWAP and tracks price deviation in normalized standard deviation units. When the market is identified as ranging via an ADX threshold, it triggers long entries on lower band tests and short entries on upper band tests. Positions are protected with an ATR-based stop loss and an adjustable risk-to-reward take-profit target. The strategy plots indicators in a separate pane.
- Session-anchored VWAP standard deviation bands
- ADX market regime filter
- Normalized VWAP deviation tracking
- ATR-based stop-loss with target risk-to-reward ratio
- Causal state audit machine
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
Separate pane below the chart
Category
Mean reversion, Volatility & bands
Markets
Any symbol
Timeframes
M15-H1
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 |
|---|---|---|---|
| VWAP Source | source | close | vwapSrc |
| StdDev Lookback | int | 20 | stdLen |
| Upper Band Multiple | float | 2.0 | multUp |
| Lower Band Multiple | float | -2.0 | multDn |
| ADX Trend Threshold | int | 25 | adxThresh |
| SL ATR Multiple | float | 1.5 | sl_atr_mult |
| Target R:R Ratio | float | 2.5 | tp_rr |
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