Volatility_Vibes

Bollinger Bands %B Compare Vix

This imple script converts your chosen chart price and outputs it as a percentage in relation to the Vix percentage.

If price (Blue line) is higher than 0.60 and vix (Red Line) is lower than 0. 40 then there is lower volatility and this is good for buying.
If price (Blue line) is lower than 0. 40 and vix (Red Line) is higher than 0.60 then there is higher volatility and this is good for selling, exiting and cash only.

If you like risk you can enter as soon as the price and vix cross in either direction

This is my first script, please give me a lot of critique, I won't cry hahaha :)

For greater accuracy, you use these Vix products for their specific stocks/Indicies:

Apple - VXAPL
Google - VXGOG
Amazon - CBOE:VXAZN
IBM - CBOE:VXIBM
Goldman Sachs - CBOE:VXGS

NASDAQ 100 = CBOE:VXN
SP100 - CBOE:VXO
SP500 (3months) - VIX3M

XLE (energy sector) - CBOE:VXXLE
EWZ (brazil etf ) - VXEWZ
EEM ( emerging markets etf ) - CBOE:VXEEM
EFA ( MSCI ETF ) - CBOE:VXEFA
FXI ( Cina ETF ) - CBOE:VXFXI

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?