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Strategy · Pine Script v4 · On the chart

Vix FIX / StochRSI Strategy

by myn

This strategy combines Williams Vix Fix calculations with Stochastic and RSI indicators to identify potential market bottoms.

View on GitHub

GitHub stars4on the repository
Pine versionv4older, still runs
Lines of code393
Settings40inputs
LicenceApache-2.0
Last update6 years ago15 Apr 2020

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

393 lines of Pine Script v4 from Strategies/Vix FIX - StochRSI Strategy [Strategy] - BuildABot-DRR.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.

Vix FIX - StochRSI Strategy [Strategy] - BuildABot-DRR.pine 
//@version=4
strategy("Vix FIX / StochRSI Strategy [Strategy] - BuildABot-DRR", precision=6, overlay=true, pyramiding=0, initial_capital=20000, currency="USD", default_qty_type=strategy.percent_of_equity, default_qty_value=100.0, commission_value=0.075)
// study("StrategyNameHere [Study] - BuildABot-DRR", overlay=true)


/////////////////////////////////////
//* Put your strategy logic below *//
/////////////////////////////////////

//strategy("Vix FIX / StochRSI Strategy", pyramiding=9, initial_capital=10000, default_qty_type=strategy.percent_of_equity, default_qty_value=3, overlay=false)

///////////// Stochastic Slow
Stochlength = input(14, minval=1, title="lookback length of Stochastic")
StochOverBought = input(80, title="Stochastic overbought condition")
StochOverSold = input(20, title="Stochastic oversold condition")
smoothK = input(3, title="smoothing of Stochastic %K ")
smoothD = input(3, title="moving average of Stochastic %K")
k = sma(stoch(close, high, low, Stochlength), smoothK)
d = sma(k, smoothD)


///////////// RSI 
RSIlength = input(14, minval=1, title="lookback length of RSI")
RSIOverBought = input(70, title="RSI overbought condition")
RSIOverSold = input(30, title="RSI oversold condition")
RSIprice = close
vrsi = rsi(RSIprice, RSIlength)

///////////// Double strategy: RSI strategy + Stochastic strategy

pd = input(22, title="LookBack Period Standard Deviation High")
bbl = input(20, title="Bolinger Band Length")
mult = input(2.0, minval=1, maxval=5, title="Bollinger Band Standard Devaition Up")
lb = input(50, title="Look Back Period Percentile High")
ph = input(.85, title="Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99%")
new = input(false, title="-------Text Plots Below Use Original Criteria-------")
sbc = input(false, title="Show Text Plot if WVF WAS True and IS Now False")
sbcc = input(false, title="Show Text Plot if WVF IS True")
new2 = input(false, title="-------Text Plots Below Use FILTERED Criteria-------")
sbcFilt = input(true, title="Show Text Plot For Filtered Entry")
sbcAggr = input(true, title="Show Text Plot For AGGRESSIVE Filtered Entry")
ltLB = input(40, minval=25, maxval=99, title="Long-Term Look Back Current Bar Has To Close Below This Value OR Medium Term--Default=40")
mtLB = input(14, minval=10, maxval=20, title="Medium-Term Look Back Current Bar Has To Close Below This Value OR Long Term--Default=14")
str = input(3, minval=1, maxval=9, title="Entry Price Action Strength--Close > X Bars Back---Default=3")
//Alerts Instructions and Options Below...Inputs Tab
new4 = input(false, title="-------------------------Turn On/Off ALERTS Below---------------------")
new5 = input(false, title="----To Activate Alerts You HAVE To Check The Boxes Below For Any Alert Criteria You Want----")
sa1 = input(false, title="Show Alert WVF = True?")
sa2 = input(false, title="Show Alert WVF Was True Now False?")
sa3 = input(false, title="Show Alert WVF Filtered?")
sa4 = input(false, title="Show Alert WVF AGGRESSIVE Filter?")

//Williams Vix Fix Formula
wvf = (highest(close, pd) - low) / highest(close, pd) * 100
sDev = mult * stdev(wvf, bbl)
midLine = sma(wvf, bbl)
lowerBand = midLine - sDev
upperBand = midLine + sDev
rangeHigh = highest(wvf, lb) * ph

//Filtered Bar Criteria
upRange = low > low[1] and close > high[1]
upRange_Aggr = close > close[1] and close > open[1]
//Filtered Criteria
filtered = (wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and 
   wvf < upperBand and wvf < rangeHigh
filtered_Aggr = (wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and 
   not(wvf < upperBand and wvf < rangeHigh)

//Alerts Criteria
alert1 = wvf >= upperBand or wvf >= rangeHigh ? 1 : 0
alert2 = (wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and 
   wvf < upperBand and wvf < rangeHigh ? 1 : 0
alert3 = upRange and close > close[str] and (close < close[ltLB] or close < close[mtLB]) and 
   filtered ? 1 : 0
alert4 = upRange_Aggr and close > close[str] and 
   (close < close[ltLB] or close < close[mtLB]) and filtered_Aggr ? 1 : 0

//Coloring Criteria of Williams Vix Fix
col = wvf >= upperBand or wvf >= rangeHigh ? color.lime : color.gray

isOverBought = crossover(k, d) and k > StochOverBought ? 1 : 0
isOverBoughtv2 = k > StochOverBought ? 1 : 0
filteredAlert = alert3 ? 1 : 0
aggressiveAlert = alert4 ? 1 : 0

plot(isOverBought, "Overbought / Crossover", style=plot.style_line, color=color.red)
plot(filteredAlert, "Filtered Alert", style=plot.style_line, color=color.fuchsia)
plot(aggressiveAlert, "Aggressive Alert", style=plot.style_line, color=color.orange)

// if (filteredAlert or aggressiveAlert)
//     strategy.entry("Long", strategy.long)

// if (isOverBought)
//     strategy.close("Long")





//////////////////////////////////////
//* Put your strategy rules below *//
/////////////////////////////////////

longLogic = filteredAlert or aggressiveAlert
shortLogic = crossover(k, d) and k > StochOverBought

longCondClose = false
shortCondClose = false

///////////////////////////////////////////////
//* Backtesting Period Selector | Component *//
///////////////////////////////////////////////

//* https://www.tradingview.com/script/eCC1cvxQ-Backtesting-Period-Selector-Component *//
//* https://www.tradingview.com/u/pbergden/ *//
//* Modifications made *//
timePeriodDivider = input(false, "░░░░░░░░░░░░░░░░░░░░░░░░░")
testStartYear = input(2019, "Backtest Start Year")
testStartMonth = input(1, "Backtest Start Month")
testStartDay = input(1, "Backtest Start Day")
testPeriodStart = timestamp(testStartYear, testStartMonth, testStartDay, 0, 0)

testStopYear = input(77777777, "Backtest Stop Year")
testStopMonth = input(12, "Backtest Stop Month")
testStopDay = input(31, "Backtest Stop Day")
testPeriodStop = timestamp(testStopYear, testStopMonth, testStopDay, 0, 0)

testPeriod() =>
    time >= testPeriodStart and time <= testPeriodStop ? true : false


//////////////////////////
//* Strategy Component *//
//////////////////////////
longShortFlipDivider = input(false, "░░░░░░░░░░░░░░░░░░░░░░░░░")
isLong = input(false, "Longs Only")
isShort = input(false, "Shorts Only")
isFlip = input(false, "Flip the Opens")

long = longLogic
short = shortLogic

if isFlip
    long := shortLogic
    short := longLogic
    short
else
    long := longLogic
    short := shortLogic
    short

if isLong
    long := long
    short := na
    short

if isShort
    long := na
    short := short
    short

////////////////////////////////
//======[ Signal Count ]======//
////////////////////////////////

sectionLongs = 0
sectionLongs := nz(sectionLongs[1])
sectionShorts = 0
sectionShorts := nz(sectionShorts[1])

if long
    sectionLongs := sectionLongs + 1
    sectionShorts := 0
    sectionShorts

if short
    sectionLongs := 0
    sectionShorts := sectionShorts + 1
    sectionShorts

//////////////////////////////
//======[ Pyramiding ]======//
//////////////////////////////
pyramidingDivider = input(false, "░░░░░░░░░░░░░░░░░░░░░░░░░")
pyrl = input(1, "Pyramiding less than")  // If your count is less than this number
pyre = input(0, "Pyramiding equal to")  // If your count is equal to this number
pyrg = input(1000000, "Pyramiding greater than")  // If your count is greater than this number

longCondition = long and sectionLongs <= pyrl or long and sectionLongs >= pyrg or 
   long and sectionLongs == pyre ? 1 : 0
shortCondition = short and sectionShorts <= pyrl or short and sectionShorts >= pyrg or 
   short and sectionShorts == pyre ? 1 : 0

////////////////////////////////
//======[ Entry Prices ]======//
////////////////////////////////

last_open_longCondition = float(na)
last_open_shortCondition = float(na)
last_open_longCondition := longCondition ? close : nz(last_open_longCondition[1])
last_open_shortCondition := shortCondition ? close : nz(last_open_shortCondition[1])

////////////////////////////////////
//======[ Open Order Count ]======//
////////////////////////////////////

sectionLongConditions = 0
sectionLongConditions := nz(sectionLongConditions[1])
sectionShortConditions = 0
sectionShortConditions := nz(sectionShortConditions[1])

if longCondition
    sectionLongConditions := sectionLongConditions + 1
    sectionShortConditions := 0
    sectionShortConditions

if shortCondition
    sectionLongConditions := 0
    sectionShortConditions := sectionShortConditions + 1
    sectionShortConditions

///////////////////////////////////////////////
//======[ Position Check (long/short) ]======//
///////////////////////////////////////////////

last_longCondition = float(na)
last_shortCondition = float(na)
last_longCondition := longCondition ? time : nz(last_longCondition[1])
last_shortCondition := shortCondition ? time : nz(last_shortCondition[1])

in_longCondition = last_longCondition > last_shortCondition
in_shortCondition = last_shortCondition > last_longCondition

/////////////////////////////////////
//======[ Position Averages ]======//
/////////////////////////////////////

totalLongs = 0.0
totalLongs := nz(totalLongs[1])
totalShorts = 0.0
totalShorts := nz(totalShorts[1])
averageLongs = 0.0
averageLongs := nz(averageLongs[1])
averageShorts = 0.0
averageShorts := nz(averageShorts[1])

if longCondition
    totalLongs := totalLongs + last_open_longCondition
    totalShorts := 0.0
    totalShorts

if shortCondition
    totalLongs := 0.0
    totalShorts := totalShorts + last_open_shortCondition
    totalShorts

averageLongs := totalLongs / sectionLongConditions
averageShorts := totalShorts / sectionShortConditions

/////////////////////////////////
//======[ Trailing Stop ]======//
/////////////////////////////////

trailingStopDivider = input(false, "░░░░░░░░░░░░░░░░░░░░░░░░░")
isTS = input(false, "Trailing Stop")
tsi = input(1, "Activate Trailing Stop Price (%)", type=input.float, step=0.10)
ts = input(1, "Trailing Stop (%)", type=input.float, step=0.10)

last_high = float(na)
last_low = float(na)
last_high_short = float(na)
last_low_short = float(na)
last_high := not in_longCondition ? na : 
   in_longCondition and (na(last_high[1]) or high > nz(last_high[1])) ? high : 
   nz(last_high[1])
last_high_short := not in_shortCondition ? na : 
   in_shortCondition and (na(last_high[1]) or high > nz(last_high[1])) ? high : 
   nz(last_high[1])
last_low := not in_shortCondition ? na : 
   in_shortCondition and (na(last_low[1]) or low < nz(last_low[1])) ? low : 
   nz(last_low[1])
last_low_short := not in_longCondition ? na : 
   in_longCondition and (na(last_low[1]) or low < nz(last_low[1])) ? low : 
   nz(last_low[1])

long_ts = isTS and not na(last_high) and low <= last_high - last_high / 100 * ts and 
   longCondition == 0 and last_high >= averageLongs + averageLongs / 100 * tsi
short_ts = isTS and not na(last_low) and high >= last_low + last_low / 100 * ts and 
   shortCondition == 0 and last_low <= averageShorts - averageShorts / 100 * tsi

///////////////////////////////
//======[ Take Profit ]======//
///////////////////////////////

takeProfitDivider = input(false, "░░░░░░░░░░░░░░░░░░░░░░░░░")
isTP = input(false, "Take Profit")
tp = input(1.25, "Take Profit (%)", type=input.float, step=0.10)
long_tp = isTP and close > averageLongs + averageLongs / 100 * tp and not longCondition
short_tp = isTP and close < averageShorts - averageShorts / 100 * tp and not shortCondition

/////////////////////////////
//======[ Stop Loss ]======//
/////////////////////////////

stopLossDivider = input(false, "░░░░░░░░░░░░░░░░░░░░░░░░░")
isSL = input(false, "Stop Loss")
sl = input(1.4, "Stop Loss (%)", type=input.float, step=0.10)
long_sl = isSL and close < averageLongs - averageLongs / 100 * sl and longCondition == 0
short_sl = isSL and close > averageShorts + averageShorts / 100 * sl and 
   shortCondition == 0

//////////////////////////////////////
//======[ Conditional Closes ]======//
/////////////////////////////////////
conditionalClosesDivider = input(false, "░░░░░░░░░░░░░░░░░░░░░░░░░")
isCLl = input(false, "Close Condition Long")
isCLs = input(false, "Close Condition Short")
long_cl = isCLl and longCondClose and in_longCondition == 1
short_cl = isCLs and shortCondClose and in_shortCondition == 1


/////////////////////////////////
//======[ Close Signals ]======//
/////////////////////////////////

longClose = long_tp or long_sl or long_ts or long_cl ? 1 : 0
shortClose = short_tp or short_sl or short_ts or short_cl ? 1 : 0

///////////////////////////////
//======[ Plot Colors ]======//
///////////////////////////////

longCloseCol = color(na)
shortCloseCol = color(na)
longCloseCol := long_tp ? color.purple : 
   long_sl ? color.maroon : long_ts ? color.blue : longCloseCol[1]
shortCloseCol := short_tp ? color.purple : 
   short_sl ? color.maroon : short_ts ? color.blue : shortCloseCol[1]
tpColor = isTP and in_longCondition ? color.purple : 
   isTP and in_shortCondition ? color.purple : color.white
slColor = isSL and in_longCondition ? color.red : 
   isSL and in_shortCondition ? color.red : color.white

//////////////////////////////////
//======[ Strategy Plots ]======//
//////////////////////////////////

plot(isTS and in_longCondition ? averageLongs + averageLongs / 100 * tsi : na, "Long Trailing Activate", color.blue, style=3, linewidth=2)
plot(isTS and in_longCondition and last_high >= averageLongs + averageLongs / 100 * tsi ? last_high - last_high / 100 * ts : na, "Long Trailing", color.fuchsia, style=2, linewidth=3)
plot(isTS and in_shortCondition ? averageShorts - averageShorts / 100 * tsi : na, "Short Trailing Activate", color.blue, style=3, linewidth=2)
plot(isTS and in_shortCondition and last_low <= averageShorts - averageShorts / 100 * tsi ? last_low + last_low / 100 * ts : na, "Short Trailing", color.fuchsia, style=2, linewidth=3)
plot(isTP and in_longCondition and last_high < averageLongs + averageLongs / 100 * tp ? averageLongs + averageLongs / 100 * tp : na, "Long TP", tpColor, style=3, linewidth=2)
plot(isTP and in_shortCondition and last_low > averageShorts - averageShorts / 100 * tp ? averageShorts - averageShorts / 100 * tp : na, "Short TP", tpColor, style=3, linewidth=2)
plot(isSL and in_longCondition and last_low_short > averageLongs - averageLongs / 100 * sl ? averageLongs - averageLongs / 100 * sl : na, "Long SL", slColor, style=3, linewidth=2)
plot(isSL and in_shortCondition and last_high_short < averageShorts + averageShorts / 100 * sl ? averageShorts + averageShorts / 100 * sl : na, "Short SL", slColor, style=3, linewidth=2)

///////////////////////////////
//======[ Alert Plots ]======//
///////////////////////////////

// plot(longCondition, "Long", green)
// plot(shortCondition, "Short", red)
// plot(longClose, "Long Close", longCloseCol)
// plot(shortClose, "Short Close", shortCloseCol)

///////////////////////////////////
//======[ Reset Variables ]======//
///////////////////////////////////

if longClose or not in_longCondition
    averageLongs := 0
    totalLongs := 0.0
    sectionLongs := 0
    sectionLongConditions := 0
    sectionLongConditions

if shortClose or not in_shortCondition
    averageShorts := 0
    totalShorts := 0.0
    sectionShorts := 0
    sectionShortConditions := 0
    sectionShortConditions

////////////////////////////////////////////
//======[ Strategy Entry and Exits ]======//
////////////////////////////////////////////

if testPeriod()
    strategy.entry("Long", 1, when=longCondition)
    strategy.entry("Short", 0, when=shortCondition)
    strategy.close("Long", when=longClose)
    strategy.close("Short", when=shortClose)

Overview

Vix FIX / StochRSI Strategy calculates synthetic volatility using standard deviation Bollinger Bands and percentile thresholds on the Williams Vix Fix. Long entries trigger when the volatility measure falls back below upper bands alongside price action confirmation criteria. Users can configure indicator parameters, lookback periods, percentile levels, and price action strength. The script overlays signals on the main chart, but lacks defined stop loss rules.

Details

Published by

myn on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Category

Volatility & bands, Oscillators & momentum, Mean reversion

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • The strategy enters trades without a stop loss

File

Strategies/Vix FIX - StochRSI Strategy [Strategy] - BuildABot-DRR.pine

Repository

github.com/myn/Pine. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
lookback length of Stochasticint14Stochlength
Stochastic overbought conditionint80StochOverBought
Stochastic oversold conditionint20StochOverSold
smoothing of Stochastic %K int3smoothK
moving average of Stochastic %Kint3smoothD
lookback length of RSIint14RSIlength
RSI overbought conditionint70RSIOverBought
RSI oversold conditionint30RSIOverSold
LookBack Period Standard Deviation Highint22pd
Bolinger Band Lengthint20bbl
Bollinger Band Standard Devaition Upfloat2.0mult
Look Back Period Percentile Highint50lb
Show all 40 settings
SettingTypeDefaultVariable
Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99%float.85ph
-------Text Plots Below Use Original Criteria-------boolfalsenew
Show Text Plot if WVF WAS True and IS Now Falseboolfalsesbc
Show Text Plot if WVF IS Trueboolfalsesbcc
-------Text Plots Below Use FILTERED Criteria-------boolfalsenew2
Show Text Plot For Filtered EntrybooltruesbcFilt
Show Text Plot For AGGRESSIVE Filtered EntrybooltruesbcAggr
Long-Term Look Back Current Bar Has To Close Below This Value OR Medium Term--Default=40int40ltLB
Medium-Term Look Back Current Bar Has To Close Below This Value OR Long Term--Default=14int14mtLB
Entry Price Action Strength--Close > X Bars Back---Default=3int3str
-------------------------Turn On/Off ALERTS Below---------------------boolfalsenew4
----To Activate Alerts You HAVE To Check The Boxes Below For Any Alert Criteria You Want----boolfalsenew5
Show Alert WVF = True?boolfalsesa1
Show Alert WVF Was True Now False?boolfalsesa2
Show Alert WVF Filtered?boolfalsesa3
Show Alert WVF AGGRESSIVE Filter?boolfalsesa4
░░░░░░░░░░░░░░░░░░░░░░░░░boolfalsetimePeriodDivider
Backtest Start Yearint2019testStartYear
Backtest Start Monthint1testStartMonth
Backtest Start Dayint1testStartDay
Backtest Stop Yearint77777777testStopYear
Backtest Stop Monthint12testStopMonth
Backtest Stop Dayint31testStopDay
░░░░░░░░░░░░░░░░░░░░░░░░░boolfalselongShortFlipDivider
Longs OnlyboolfalseisLong
Shorts OnlyboolfalseisShort
Flip the OpensboolfalseisFlip
░░░░░░░░░░░░░░░░░░░░░░░░░boolfalsepyramidingDivider
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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