This indicator plots a Supertrend-based trend-following setup in a separate pane and skips conditions it treats as a sideways market. A volatility range is built from an ATR value, with RMA, SMA, EMA, or WMA smoothing, or from a fixed point distance. Optional
Indicator · Pine Script v4 · Own pane
Williams Vix Fix paired with Supertrend Heatmap
This indicator plots two Williams Vix Fix series in a separate pane as thick histograms with thin step lines.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code143
Settings16inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
Williams Vix Fix paired with Supertrend Heatmap scales recent highs, lows, and closes, then builds upward and downward variants selected by the VixFix UP and DN settings. Bars turn colored when a series meets or exceeds its Bollinger upper band or percentile range high; otherwise they stay gray. Optional plots show percentile ranges and standard-deviation bands. Supertrend factor and period inputs are declared, but the heatmap logic is not in the excerpt.
- Dual Williams Vix Fix histograms
- Bollinger bands on each Vix Fix
- Optional percentile high and low ranges
- Reverse color switch
- Supertrend factor and period inputs
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Volatility & bands, Trend
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| VixFix UP [1,2] | int | 1 | tp |
| VixFix DN [1,2] | int | 1 | tp2 |
| Reverse Colors | bool | false | rev |
| LookBack Period Standard Deviation High/Low | int | 22 | psd |
| Bolinger Band Length | int | 20 | bbl |
| Bollinger Band Standard Deviation Up/Dn | float | 2.0 | mult |
| LookBack | int | 60 | p |
| Look Back Period Percentile High/Low | int | 50 | lb |
| Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99% | float | .85 | ph |
| Lowest Percentile - 1.10=90%, 1.05=95%, 1.01=99% | float | 1.01 | pl |
| Show High Range - Based on Percentile and LookBack Period? | bool | false | hp |
| Show Standard Deviation Line? | bool | false | sd |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Low Range - Based on Percentile and LookBack Period? | bool | false | hp2 |
| Show Standard Deviation Line? | bool | false | sd2 |
| Supertrend Factor | int | 1 | factor |
| Supertrend PD | int | 3 | pd |
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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