VIX VOLATILITY TREND ANALYSIS CLOUD WITH BULLISH & BEARISH SIGNALS - STOCKS ONLY
This indicator is a visual aid that shows you the bullish or bearish trend of VIX market volatility so you can see the VIX trend without switching charts. When volatility goes up, most stocks go down and vice versa. When the cloud turns green, it is a bullish sign. When the cloud...
I am going to start taking requests to open source my indicators and they will also be updated to Version 4 of Pinescript.
I added some features to the original code such the ability to smooth the oscillator and select the look back periods for the historical volatility.
Link to original:
Original post:
"The idea for this started here: www.tradingview.com...
The Volatility Index CBOE:VIX is a calculated indicator that reflects the expectations of market participants regarding the volatility of quotations of a particular exchange asset.
Simply put, it is a yardstick or indicator of the sentiment of traders that reign in the market. Such an index is calculated based on the volatility of the current option prices...
