ChrisMoody

CM_Williams_Vix_Fix Finds Market Bottoms

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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/7718...
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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)
Thank you for sharing! Can you please fix the PDF link?
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YOU ARE SUPER INTELLIGENT :)
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have you forgotten the // before the first word on line 1?
+3 Reply
This is beautiful - thx so much Chris!!
+1 Reply
Hi This is great!! Is there a Screener to find Both Orange and Fuccia filtered candles? That would be really awesome.
Great Work Mr Moody.
Claude
+6 Reply
PDF error 404
+9 Reply
Chris always the best .Did some long research and using some input from your code now i have this working auto indicator.Thank you always.


+6 Reply
ippp0031 MarxBabu
@MarxBabu, Really interesting, what did you do with it? I'm playing around with the Vix, but primarily changing the settings.
+4 Reply
Hi,

I need some help building a screener to really utilize this indicator. Do you guys have any suggestions on how to set it up?
Reply
03.freeman moderosso
@moderosso, I devoleped a screen with this script. Here is the link
+2 Reply
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