OPEN-SOURCE SCRIPT

Nic's VIX Correlation

Updated
Identifies divergences in price action between the VIX (volatility index) and a ticker. Divergences can be a 'red flag' identifying lack of confidence in the price action.

Best used in with volume studies, across multiple time frames, and across multiple tickers.

Supports any volatility ticker (VIX, VXN, RVX).
Release Notes
This divergence indicator can track the correlation between one or more symbols. I use it to track the divergences between the VIX volatility index, gold, bonds, as well as other market leading indicators.
Release Notes
Auto lookup
Standard Deviationvolitility

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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