SharemarketRaja

NIFTY VIX Bands

1) The script takes current INDIA VIX as input Daily time frame for NIFTY
2) Used a Formula VIX Value / Square root of Time Period
3) Change Timeframe input accordingly 1 Year = 1, Monthly = 12, Weekly = 52, Daily = 365
4) based point 2 formula with 1 standard deviation it creates upper & lower range bands
5) This is generally used for option selling by big traders they go and sell above the band strikes
Release Notes: Update with 1 day Precession
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Recommended Settings

For NIFTY use 52 Week
For BANKNIFTY use 12 Months
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