ChrisMoody

CM_Williams_Vix_Fix Finds Market Bottoms

Larry Williams Developed This Incredible Indicator. It Gives The Same Readings The VIX             does for Stock Index’s…But This Indicator Works on All Asset Classes.

I Customized The Settings Slightly To Create “Percentile” Based Highlight Bars…So You May Need To Adjust Slightly For Your Asset Class. These Are The Standard Settings Shown Here. Designed For Daily Charts…But Works GREAT On Intra-Day Charts!!!

Download the PDF and Read To Learn Larry’s Thought Process.

Link To PDF:
https://dl.dropboxusercontent.com/u/77187122/TradingView%20Posts/VIXFix.pdf
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study("CM_Williams_Vix_Fix", overlay=false)
pd = input(22, title="LookBack Period Standard Deviation High")
bbl = input(20, title="Bolinger Band Length")
mult = input(2.0    , minval=1, maxval=5, title="Bollinger Band Standard Devaition Up")
lb = input(50  , title="Look Back Period Percentile High")
ph = input(.85, title="Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99%")
pl = input(1.01, title="Lowest Percentile - 1.10=90%, 1.05=95%, 1.01=99%")
hp = input(false, title="Show High Range - Based on Percentile and LookBack Period?")
sd = input(false, title="Show Standard Deviation Line?")

wvf = ((highest(close, pd)-low)/(highest(close, pd)))*100

sDev = mult * stdev(wvf, bbl)
midLine = sma(wvf, bbl)
lowerBand = midLine - sDev
upperBand = midLine + sDev

rangeHigh = (highest(wvf, lb)) * ph
rangeLow = (lowest(wvf, lb)) * pl


col = wvf >= upperBand or wvf >= rangeHigh ? lime : gray


plot(hp and rangeHigh ? rangeHigh : na, title="Range High Percentile", style=line, linewidth=4, color=orange)
plot(hp and rangeLow ? rangeLow : na, title="Range High Percentile", style=line, linewidth=4, color=orange)
plot(wvf, title="Williams Vix Fix", style=histogram, linewidth = 4, color=col)
plot(sd and upperBand ? upperBand : na, title="Upper Band", style=line, linewidth = 3, color=aqua)
there have no sell indicator in the chart ?
Reply
Hi Chris. I Try implements your code on another platform. Can you send me the functions: highest, sma, stdev. I really appreciate any help you can provide. Kind Regards, Michael
Reply
Hi, Awesome work. Really works great. Have you thought of an indicator similar to this that works for market tops? Or does that already exist?
Thanks!!
+6 Reply


I combine this strategy with DEMA and it is usefull for some coins , you may take a look and give some feedback
+4 Reply
nunobispo crypto_202
@crypto_202, thanks!
Reply
Hi,
The link to .PDF file is broken.
Reply
nunobispo crypto_202
@crypto_202, url is working. Thanks
Reply
do you have an updated link for the .pdf?
+12 Reply
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