PROTECTED SOURCE SCRIPT
Aggiornato VIX Expected Daily Move [SPY/SPX]
VIX Expected Daily Move Indicator
This indicator helps traders anticipate the expected daily trading range for the current chart's asset (e.g., SPY, ES, SPX) based on the CBOE Volatility Index (VIX), using the widely recognized "Rule of 16" method.
Key Features:
VIX-Based Range: Calculates the implied daily high and low targets by applying the formula:
$$\text{Expected Move} = \text{Open Price} \times \frac{\text{VIX}}{100} \times \frac{1}{\sqrt{252}}$$
(where $\sqrt{252} \approx 16$)
Anchor Time: The calculation is anchored to a user-defined time (default: market open at 09:30 Exchange Time) for reliable, non-repainting levels.
Persistent Levels: Levels are calculated once per day and plotted as lines and labels that persist and extend throughout the trading session.
Historical Backtesting: Includes an option to display the expected range for historical days, making it excellent for backtesting volatility strategies.
Customization: Easily adjust the VIX symbol, anchor time, and line colors/styles.
How to Use:
Set the VIX Symbol to your preferred volatility source (default: CBOE:VIX).
Set the Anchor Time to the market open or another time when you wish to lock in the day's expected volatility reading.
Use the plotted Expected High (red line) and Expected Low (green line) as potential support and resistance targets for intraday trading decisions.
This indicator helps traders anticipate the expected daily trading range for the current chart's asset (e.g., SPY, ES, SPX) based on the CBOE Volatility Index (VIX), using the widely recognized "Rule of 16" method.
Key Features:
VIX-Based Range: Calculates the implied daily high and low targets by applying the formula:
$$\text{Expected Move} = \text{Open Price} \times \frac{\text{VIX}}{100} \times \frac{1}{\sqrt{252}}$$
(where $\sqrt{252} \approx 16$)
Anchor Time: The calculation is anchored to a user-defined time (default: market open at 09:30 Exchange Time) for reliable, non-repainting levels.
Persistent Levels: Levels are calculated once per day and plotted as lines and labels that persist and extend throughout the trading session.
Historical Backtesting: Includes an option to display the expected range for historical days, making it excellent for backtesting volatility strategies.
Customization: Easily adjust the VIX symbol, anchor time, and line colors/styles.
How to Use:
Set the VIX Symbol to your preferred volatility source (default: CBOE:VIX).
Set the Anchor Time to the market open or another time when you wish to lock in the day's expected volatility reading.
Use the plotted Expected High (red line) and Expected Low (green line) as potential support and resistance targets for intraday trading decisions.
Note di rilascio
Should've done this before. Added VIX1D and VIX9D as well. You can disable these if you want. Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
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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.
v i p
i s r
c o
i s r
c o
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.