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)
Still PDF download link (https://dl.dropboxusercontent.com/u/77187122/TradingView%20Posts/VIXFix.pdf) is broken.
Can anybody share the PDF?
Thanks
+9 Reply
Uwe999 PRO cincinnati-kid
@cincinnati-kid, https://www.ireallytrade.com/newsletters/VIXFix.pdf
+2 Reply
@Uwe999, Thanks ;)
Reply
how to add this in alert
+1 Reply
@ChrisMoody
Hello ChrisMoody Need your help ;i see lot of likes for this post ;something good in there; i find difficult to recognize the strategy for entry and exit ; Need your support how to make entry and exit using this strategy please explain.This will be of nice support .....
+22 Reply
MarxBabu MarxBabu
Common guys explain this how it works and how to use this.
+5 Reply
Pmoney MarxBabu
@MarxBabu, Look for support and Resistance also use the RSi to see if a asset is OB/OS.
Reply
Comment removed.
MarxBabu amysheldon95gmailcom
Anybody have the PDF code and the know how how to use this strategy details. pls post it here
+5 Reply
Just came across this indicator. Thank you for being so generous. this works great
Reply
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