I11L - Better Buy Low Volatility or High Volatility?

Script from: TradingViewSwingVolatilityTrend following

The "I11L - Better Buy Low Volatility or High Volatility?" Pine Script strategy evaluates the impact of buying in varied volatility scenarios. Users toggle between low and high volatility buys, utilizing a volatility ratio threshold and ATR (Average True Range) over set periods. Positions are timed based on these criteria, with plot indicators for entry and exit points, offering insight into volatility-focused trading efficacy across different market conditions.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings. The script itself passed our repainting audit.

2,119backtests3 markets

31robust scoreranked median 52

0.10p-valueranked median 0.24

2/144pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

✓

Repainting audit

8 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

✓

Statistical edge

Average t-statistic 3.24 (p = 0.10), above the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

2 of 144 backtests with more than 15 trades pass our quality gate.

Robust score

31/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

3.24

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,119 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
American Eagle Outfitters, Inc. NYSE:AEO	1D	+65,850%	1.39	689	116%
Occidental Petroleum Corporation NYSE:OXY	1D	+20,438%	1.10	1,205	609%
Cardio Diagnostics Holdings Inc. NASDAQ:CDIO	5m	+19,084%	1.19	537	2861%
Macy's Inc NYSE:M	1H	+15,006%	1.09	2,048	619%
Macy's Inc NYSE:M	4H	+9,830%	1.08	723	4547%

⚠Selected after the fact: these are the best 5 of 2,119 runs, not what to expect from this strategy.

Is I11L - Better Buy Low Volatility or High Volatility? profitable?

Not reliably, based on our tests. Across 2,119 backtests, 2 of 144 with more than 15 trades pass our quality gate. The best result is +65,850% on American Eagle Outfitters, Inc. (1D, 689 trades). On average, its results are statistically indistinguishable from chance (p = 0.10).

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