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Williams Vix Fix + Inverse [Alorse]

alorse  
Oscillators Volatility williamsvixfix vixfix lowest highest
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oscillator volatility williamsvixfix vixfix lowest highest
The VIX Fix measures how close the current market price is to the lowest price of the last X candles. When prices are in uptrends, the close is usually near the high. But prices close near the low in downtrends.
It works because it’s based on how traders behave. The calculation fixes some of the problems with the VIX.

This indicator is based on CM_Williams_Vix_Fix Finds Market Bottoms and its great difference is that it adds the inverse functionality, also showing the possible highest areas of the market.
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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