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)
Hi,
The link to .PDF file is broken.
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do you have an updated link for the .pdf?
+12 Reply
MarxBabu gslinger
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chauyancho MarxBabu
@MarxBabu, hi there can u share the link with this indicator?
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Hi Chris! I converted this to a strategy but the results are just too good to be true. Is this another script that only works because it 'knows' the future? Please respond!
+12 Reply
@Thijs2, which indicators, do you combined with?
+4 Reply
Hello there, Chris! First of, thank you for sharing all these amazing indicators! I've been using your WVF, Laguerre PPO and RSI+EMA to get clean entries and more often than not it's incredible signals. However, I've been trying to correlate it all to make a strategy out of the three _using_Excel_. So far I've managed the get the WVF with its corresponding BBands, but I'm stuck trying to get the percentiles right. Do you have any idea how this could be achieved? I've a historical data sheet, with column for WVF, another for its SMA and two others for the BBands. Would love your input. Thanks again!
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Am i the only one who thinks that Going Long Every Time Stochastic RSI Crosses 30 on its way Up and Going Short Every time Stochastic RSI crosses 70 on its way Down..........Is the Only Strategy that Works The Best.
BTW....I'm looking for a certain back test code for the same....Would highly appreciate any help.
+8 Reply
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