mvs1231

Vix Spike

This script calculates spikes Vix tops and bottoms. The Vix Market Bottom is calculated using CM_Williams_Vix_Fix Finds Market Bottoms (Chris Moody). The Vix Market Top is calculated as the inverse of CM Williams’ formula.

The highest Vix Bottom and the highest Vix Top are averaged (over the Highest Vix Lookback period).

Buys are signaled when the Vix Bottom line crosses below the Highest Vix Average.

Sells are signaled when the Vix Top line crosses below Highest Vix Average.

BINANCE:ETHUSDT 5 min


BYBIT:XRPUSD 5 min

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.

Want to use this script on a chart?
USDT(TRC20):THb7BFnXP3FceQDSoLqG8DiE7KrfjZLJn7
USDT(ERC20):0xe5f4aab4dd0f297843146d51605010bf2c2f83e7
BTC:19VVs5MGYi9gWDoHZVwqpiXfqao3WpePRY
Link:0xe5f4aab4dd0f297843146d51605010bf2c2f83e7
ETH(ERC20): 0xe5f4aab4dd0f297843146d51605010bf2c2

Comments

Thanks for this script, gonna test it. Nice idea also!
+3 Reply
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