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
Strategy · Pine Script v4 · Own pane
Williams Vix Fix Strategy [Alorse]
This strategy combines Larry Williams' Vix Fix synthetic volatility indicator with Bollinger Bands.
GitHub stars330on the repository
Pine versionv4older, still runs
Lines of code51
Settings7inputs
LicenceNone stated
Last update2 months ago25 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
Williams Vix Fix Strategy [Alorse] calculates standard and inverted Williams Vix Fix metrics, displaying them as histogram columns with standard deviation bands in a separate pane. Long entries are generated when the standard Vix Fix reaches extreme volatility thresholds while price falls below its lower Bollinger Band. The strategy closes long positions when inverted Vix Fix criteria trigger and price breaks above the upper Bollinger Band. Settings allow customization of standard deviation multipliers, lookback periods, and percentile levels. The strategy relies solely on exit signals and lacks defined stop loss rules.
- Synthetic volatility tracking via Williams Vix Fix
- Bollinger Bands price filtering
- Inverted Vix Fix calculation for exits
- Customizable percentile lookback thresholds
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Volatility & bands, Oscillators & momentum, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| Length | int | 20 | bbl |
| Standard Deviation | float | 2.0 | mult |
| LookBack Period StdDev | int | 20 | pd |
| LookBack Period Percentile | int | 50 | lb |
| Highest Percentile | int | 85 | ph |
| Lowest Percentile | int | 99 | pl |
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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