VMC Strat Flex Corrected: Free TradingView Strategy (Pine Script)

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

VMC Strat Flex Corrected enters long positions when multiple oscillators hit oversold thresholds and generate an upward crossover, with an optional fractal-based bullish divergence filter. Exits trigger when WaveTrend or Stochastic RSI reach overbought upper boundaries. Core inputs configure oscillator periods, entry and exit thresholds, and divergence rules. The strategy displays on the price chart and does not employ a stop loss.

WaveTrend oscillator with customizable oversold and overbought levels
Multi-oscillator confluence using RSI, Stochastic RSI, and MFI
Fractal-based regular bullish divergence detection
Adjustable overbought exit thresholds on WaveTrend and Stochastic

Details

Published by

matlaenousse on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

The strategy enters trades without a stop loss

File

root/strategies/vu_strategies/vu_pure.pine

Repository

github.com/matlaenousse/-PineScript--Strategy-indicator. 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.

Setting	Type	Default	Variable
WT Channel Length	`int`	`9`	`wtChannelLen`
WT Average Length	`int`	`12`	`wtAverageLen`
WT MA Length	`int`	`3`	`wtMALen`
WT Buy Level (Must be below)	`int`	`-53`	`wtBuyLevel`
WT Exit Level (Must be above)	`int`	`20`	`wtSellLevel`
RSI Length	`int`	`14`	`rsiLen`
RSI Buy Level (<)	`int`	`35`	`rsiBuyLevel`
Stoch RSI Length	`int`	`14`	`stochLen`
Stoch Buy Level (<)	`int`	`20`	`stochBuyLevel`
Stoch Exit Threshold (>)	`float`	`95.0`	`stochExitLevel`
Stoch Exit Lookback	`int`	`5`	`stochExitLookback`
MFI Period	`int`	`60`	`mfiPeriod`

Show all 17 settings

Setting	Type	Default	Variable
MFI Area Multiplier	`float`	`150.0`	`mfiMultiplier`
MFI Low Lookback	`int`	`12`	`mfiLookback`
MFI Low Tolerance (%)	`int`	`30`	`mfiTolerance`
Require Regular Divergence?	`bool`	`false`	`useDivCondition`
WT Bullish Div Min	`int`	`-60`	`wtDivOSLevel`

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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