PROTECTED SOURCE SCRIPT
DANGER SP500
This indicator is designed to identify severe correlation anomalies between the Volatility Index (VIX) and the S&P 500 (SPX). It operates on the premise that a simultaneous rise in both assets often precedes market corrections or significant local tops.
The underlying concept is "fear in the rally": investors are buying equities (driving price up), but at the same time, they are aggressively buying protection (Puts), causing the VIX to spike.
⚠️ Strict Usage Rules
To guarantee the mathematical reliability of the VIX data, this indicator includes strict security restrictions:
EXCLUSIVE ASSET: Designed solely for the S&P 500 (SPX, SPY, US500, ES1!). It should not be used on Crypto or Forex, as the VIX correlation does not apply in the same way.
LOCKED TIMEFRAME: It only functions on the Daily Chart (1D).
Note: The script includes a runtime.error block that will prevent execution if you attempt to load it on intraday charts (H1, H4, etc.) to avoid false signals caused by market noise.
Visualization
Red Background: Visually highlights the exact moment the alert is triggered.
"DANGER" Label: Prints clearly above the signaled bar.
Max Price Display: Unlike other indicators that mark the close, this tool specifically labels the HIGH of the candle, allowing you to identify the exact point of price extension.
🔔 Alerts
The script is ready for TradingView Alerts. The alert message is dynamic and will include the exact High price reached during the signal candle.
Disclaimer: This script is for technical analysis purposes only and does not constitute financial advice. Trading involves risk.
The underlying concept is "fear in the rally": investors are buying equities (driving price up), but at the same time, they are aggressively buying protection (Puts), causing the VIX to spike.
⚠️ Strict Usage Rules
To guarantee the mathematical reliability of the VIX data, this indicator includes strict security restrictions:
EXCLUSIVE ASSET: Designed solely for the S&P 500 (SPX, SPY, US500, ES1!). It should not be used on Crypto or Forex, as the VIX correlation does not apply in the same way.
LOCKED TIMEFRAME: It only functions on the Daily Chart (1D).
Note: The script includes a runtime.error block that will prevent execution if you attempt to load it on intraday charts (H1, H4, etc.) to avoid false signals caused by market noise.
Visualization
Red Background: Visually highlights the exact moment the alert is triggered.
"DANGER" Label: Prints clearly above the signaled bar.
Max Price Display: Unlike other indicators that mark the close, this tool specifically labels the HIGH of the candle, allowing you to identify the exact point of price extension.
🔔 Alerts
The script is ready for TradingView Alerts. The alert message is dynamic and will include the exact High price reached during the signal candle.
Disclaimer: This script is for technical analysis purposes only and does not constitute financial advice. Trading involves risk.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.