dman103

VIX MTF Momentum

Sweet little momentum gadget to track the VIX Index.
What is the VIX?

The CBOE S&P 500 Volatility Index ( VIX ) is known as the 'Fear Index' which can measure how worried traders are that the S&P 500 might suddenly drop within the next 30 days.
When the VIX starts moving higher, it is telling you that traders are getting nervous. When the VIX starts moving lower, it is telling you that traders are gaining confidence.

VIX calculation?

The Chicago Board of Options Exchange Market Volatility Index ( VIX ) is a measure of implied volatility (Of the S&P 500 securities options), based on the prices of a basket of S&P 500 Index options with 30 days to expiration.

How to use:
If VIX Momentum is above 0 (RED) traders are getting nervous.
If VIX Momentum is below 0 (GREEN) traders are gaining confidence.

Follow to get updates and new scripts: https://www.tradingview.com/u/dman103
Notes de version: Changed display style to 'columns' which visually looks more clear.
Notes de version: Added High/Low tunnels to detect possible reversals, see image below:
Notes de version: VIX symbol can me modified to other symbols from settings.
Notes de version: Support extended session for vix.
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur ! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?
Appreciation of my work: https://paypal.me/dman103

Premium Pivot Points Algo Indicator: https://www.tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/

Commentaires

This is one of the best indicators I've ever used
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dman103 caidongyangdashen
@caidongyangdashen, Cool, thanks.
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非常好的脚本
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how to interpret the High/Low tunnels to detect possible reversals ? great script by the way !
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dman103 fiborush
@fiborush, Hey there, The purpose of the High/Low tunnels is try to detect unusual spikes (histogram columns) of the VIX Momentum. For example, in the chart you can see some Histogram spikes with small red dot/arrow above, this means that the red column touches the HIGH tunnel which can lead to conclusion that it is an unusual spike and FEAR is getting higher and a down trend might occur. It's not 100% precise, like everything in trading, and will require trader evaluation, having said that, i might improve the unusual spike mechanics and visuals and add alerts to make it more precise and clear.
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fiborush dman103
@dman103, Thanks a lot for the explanation !
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Thank you so much for this much-needed indicator. It was a long due.
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dman103 subhdash1984
@subhdash1984, Glad to hear that.
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Is the indicator working. I seem to add it on charts but can't see it. Its emply in indicator section, unlike the one you showed in photos. Help
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dman103 singhpramila3112
@singhpramila3112, Hey, yeah, should work fine, note that the indicator is not overlaying the chart, but at a separate panel, usually at the bottom. The blue squares and big red/green arrows are my drawing.
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