Volatility_Vibes

Compare Crypto Bollinger Bands

//This is not financial advice, I am not a financial advisor.

//What are volatility tokens?
// Volatility tokens are ERC-20 tokens that aim to track the implied volatility of crypto markets.
// Volatility tokens get their exposure to an asset’s implied volatility using FTX MOVE contracts.
//There are currently two volatility tokens: BVOL and IBVOL.
// BVOL targets tracking the daily returns of being 1x long the implied volatility of BTC
//IBVOL targets tracking the daily returns of being 1x short the implied volatility of BTC .
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CAN USE ON ANY CRYPTO CHART AS BINANCE:BTCUSD is still the most dominant crypto, positive volatility for BTC is positive for all.

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//The Code.
//The blue line (ChartLine) is the current chart plotted on in Bollinger
//The red line (BVOLLine) plots the implied volatility of BTC
//The green line (IBVOLLine) plot the inverse implied volatility of BTC
//The orange line (TOTALLine) plots how well the crypto market is performing on the Bolling scale. The higher the number the better.
//There are 2 horizontal lines, 0. 40 at the bottom & 0.60 at the top

/////////To Buy
//1. The blue line (ChartLine) must be higher than the green line (IBVOLLine)
//2. The green line (IBVOLLine) must be higher than the red line (BVOLLine)
//3. The red line (BVOLLine) must be less than 0. 40 // This also acts as a trendsetter
//4. The orange line (TOTALLine) MUST be greater than the red line. This means that the crypto market is positive.
//5.IF THE BLUE LINE (ChartLine) IS GREATER THAN THE ORANGE LINE (TOTALLine) IT MEANS YOUR CRYPTO IS OUTPERFOMING THE MARKET {good for short term explosive bars}
//6. If the orange line (TOTALLine) is higher than your current chart, say BTCUSD . And BTC is going up to. It just means BTC is going up slowly. it's fine as long as they are moving in the same position.
//5. I use this on the 4hr, 1D, 1W timeframes


///////To Exit
//1.If the blue line (ChartLine) crosses under the green line (IBVOLLine) exit{ works best on 4hr,1D, 1W to avoid fakes}
//2.If the red line crosses over the green line when long. {close positions, or watch positions} It means negative volatility is wining

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