CSC1

VWAP Implied Volatility Bands

This script takes the built in VWAP function and creates bands using various Volatility Indexes from the CBOE . The script plots the bands at desired multiples, as well as the closing value of the prior day's first set of bands. Users can choose from the following:

VIX (ES), VXN (NQ), RVX (RTY), OVX ( CL ), GVX ( GC ), SIV (ZS), CIV( ZC ), TYVIX (ZN), EUVIX( EURUSD ), BPVIX( GBPUSD )

Upon selecting the desired volatility index, users must change the multiplier to fit the underlying product since the indexes are all calculated differently.

The goal with this script was to use market generated information (IV) to highlight potential trade locations.
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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?