OPEN-SOURCE SCRIPT
Vix FIX / StochRSI Strategy
This strategy is based off of Chris Moody's Vix Fix Indicator. I simply used his indicator and added some rules around it, specifically on entry and exits.
Rules:
This works great on a number of stocks. I am keeping a list of stocks with decent Profit Factors and clean equity curves here.
Possible ways to use this:
Rules:
- Enter upon a filtered or aggressive entry
- If there are multiple entry signals, allow pyramiding
- Exit when there is Stochastic RSI crossover above 80
This works great on a number of stocks. I am keeping a list of stocks with decent Profit Factors and clean equity curves here.
Possible ways to use this:
- Modify this script and setup alerts around the various entries
- Use as is with different stocks or currency pairs
- Modify entry / exit points to make it more profitable for even more symbols and currencies
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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