VIX - Fast 30% gains in volatility - shorting — Indicator by Pinkfloyd111.

vix

Script is showing if volatility has risen 30% or more from the 10-day MA. Great opportunity for shorting when indicator gets close or above green 30% line. Red line is current MA average.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?

study("My Script")
a=high
ma=ema(close,10)
c=a/ma
plot(c, color=blue)
plot(1, color=red)
plot(1.3, color=green)