Vix FIX / StochRSI Strategy

Vix FIX / StochRSI Strategy — Smart Gold Trading with Market Fear Detection
Pine Script Version 6 | Timeframe: 1H | Supports Long & Short
🔍 Strategy Overview:

This strategy is designed for trading gold and other highly volatile assets. It combines three powerful components:

Williams VIX Fix (WVF) – A fear-based volatility indicator inspired by the CBOE VIX Index, adapted for non-index assets.

Stochastic RSI – Measures overbought and oversold momentum, used as an exit trigger.

Price Action Filters – Confirms strong bullish or bearish bars to trigger high-conviction entries.

📌 Entry Conditions:

✅ Long Entry

WVF indicates the end of fear (mean reversion signal).

Bullish momentum bar (upRange).

Price is higher than n bars ago but still below medium/long-term recent highs.

✅ Short Entry

WVF indicates the market just cooled down from fear.

Bearish momentum bar (downRange).

Price is lower than n bars ago but still above recent lows.

📌 Exit Conditions:

🔴 Exit Long when Stochastic Overbought + %K cross below %D

🔵 Exit Short when Stochastic Oversold + %K cross above %D

📊 Key Features:

Dual-side entries (Long & Short)

Timeframe-limited to 1 Hour (60 minutes) for consistent signal quality

Ideal for gold and volatile assets (crypto, index CFDs)

Backtested with strong performance across major pairs