KevInnerTrading

Williams Vix Fix BB + RVI + LinReg & Squeeze (Keltner) BBW + %B

Legend:
Entery signal: When line color turns to lime (lighter green) after a blue dot appears
Exit signal: When line color turns to red (darker red) after a red dot appears
Note: it is more affective as an entry signal (Bottom is stronger)

- When line touches or crosses red band it is Top signal (Williams Vix Fix)
- When line touches or crosses blue band it is Bottom signal (Williams Vix Fix)
- Red dot at the top of indicator is a Top signal ( Relative Volatility Index )
- Blue dot at the top of indicator is a Bottom signal ( Relative Volatility Index )
- Gray dot at the bottom of indicator is a Keltner Squeeze signal (filtered by either BBW or %B)
- Silver dot at the bottom of indicator is a weaker Keltner Squeeze signal (Doesn't meet either BBW or %B filter)
- Purple is a 'Half Squeeze' only 1 Bollinger Band crossed the Keltner Channel

This is an attempt to make use of the main features of all 6 of these Volatility tools:
- Williams Vix Fix + Bollinger Bands
- Relative Volatility Index (RVI)
- Linear Regression (detects Vix Fix starts to rise or fall to a certain degree in order to help validate bottom/top)
Note : There is also added precision on Linear Regression entry by dividing WVF by square roots of basis.

- The crossing of Keltner Channel by the Bollinger Bands (Squeeze)
Conditions to Help Filter Keltner Squeeze:
- When the Bollinger Bands Width ( BBW ) value is lower than the lowest value within a period plus a margin of error (percentage)
- When the %B value goes up or down by the impulse value (threshold value in setting) detailed in LazyBears indicator. (https://www.tradingview.com/script/2gNjW...)
If it meets one of these 2 filters and there is a Keltner Channel Squeeze than gray color or else if the squeeze doesn’t meet one of the 2 filters than silver color (weaker Squeeze).

The goal is to find the best tool to find bottoms and top relative to volatility and filter squeeze.

Note: You can also change the threshold for RVI top and bottom.
And this work builds on my last indicators:
- Williams Vix Fix + BB & RVI (Top/Bottom) & Squeeze (https://www.tradingview.com/script/vazpn...)
- Williams Vix Fix BB + RVI & Squeeze ( Keltner ) filtered BBW + %B (https://www.tradingview.com/script/FOb64...)

If you have ideas on this work or have ideas on potential combinations please message me, I always want to learn or get perspective on how it can be improved.
Sharing is how we get better (Parameter tuning, ideas, discussion)

I don’t reinvent the wheel, just trying to make the wheel better.
Release Notes: Clean up
Release Notes: Clean up
Release Notes: Prevent division smaller than 1 for Square Root (Linear Regression)
Release Notes: Put dark green instead of green to make the lime green color more apparent.
Release Notes: Update Chart
Release Notes: Remove the Division by Square Roots (it was just a smoothing method) and replaced it with a Hull MA which is cleaner and produces the same results (better than without smoothing).
So now the Linear Regression (Vix Fix rise/fall) is smoothed with a Hull MA.
Release Notes: Clean up script
Release Notes: Clean up

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

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