Editors' picksOPEN-SOURCE SCRIPT
SPY Expected Move by VIX
This indicator shows 1 and 2 standard deviation price move from the VWAP based on VIX. Implied Volatility (IV) is being used extensively in the Option world to project the Expected Move for the underlying instrument. VIX is used as a proxy for SPY's IV for 30 days.
This indicator is meaningful only for SPY but can be used in any other instrument which has a strong correlation to SPY.
This indicator is meaningful only for SPY but can be used in any other instrument which has a strong correlation to SPY.
Release Notes
Added AAPL, AMZN, GOOG & IBM to use the corresponding VIX.Added Ability to disable the bands if the VIX is not available.
Minot UI changes.
Release Notes
Using VIX instead of VIX9D as Tradingview's VIX9D data is delayed Release Notes
Simple color tone change. Release Notes
Requested by Jansuperv to have VXX instead of VIX. Now you can configure that from the input panel.Release Notes
Added alert on price crossing 3 SD as requested by acogwell11Release Notes
Added weekly option for VWAP as requested by MacPeroniRelease Notes
upgraded to v6 by shaneaus Thanks bro!
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 publication is governed by House rules. You can favorite it to use it on a chart.
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