OPEN-SOURCE SCRIPT
VIX Fear Gauge – Intraday Horizontal with alerts by Carlos C
The VIX Fear Gauge – Intraday Horizontal is a clean overlay tool that displays the current market sentiment (Fear & Greed levels) based on the VIX index.
Key Features:
📊 Horizontal Dashboard with five levels: Low, Light Fear, Neutral, High Fear, Panic.
🎨 Color Schemes: choose between Normal (fear = red) or Inverted (fear = green).
📍 Custom Positioning: move the panel to any chart corner.
🏷️ Dynamic Label: optional large label showing the current VIX value and category.
🚨 Smart Alerts: triggers when VIX enters or exits High Fear and Panic zones.
This indicator is designed for intraday traders who use the VIX as a risk barometer to confirm directional bias in SPY, QQQ, and other equities or options trading setups.
Key Features:
📊 Horizontal Dashboard with five levels: Low, Light Fear, Neutral, High Fear, Panic.
🎨 Color Schemes: choose between Normal (fear = red) or Inverted (fear = green).
📍 Custom Positioning: move the panel to any chart corner.
🏷️ Dynamic Label: optional large label showing the current VIX value and category.
🚨 Smart Alerts: triggers when VIX enters or exits High Fear and Panic zones.
This indicator is designed for intraday traders who use the VIX as a risk barometer to confirm directional bias in SPY, QQQ, and other equities or options trading setups.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Carlos J Chavez
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Carlos J Chavez
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.