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ajithcpas

VIX Range

ajithcpas Updated   
Bands and Channels options Volatility VIX CBOE Volatility Index INDIAVIX range
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bandsandchannels options volatility vix indiavix range
This indicator shows the daily expected trading range of the instrument.

An upper and lower line denotes the range. It is calulated based on the volatility index selected (NSE:India VIX is used by default). Also it shows developing upper and lower line for the next trading day.

Non-directional option strategies (like straddle, strangle) can be performed based on the expected trading range.
Release Notes:
A center line is plotted at middle of the upper and lower range.
Release Notes:
Minor fixes
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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