Risk Management - Stop Loss Distance (Pips)This indicator helps traders estimate an optimal Stop Loss distance in pips based on market volatility (ATR) and a chosen risk percentage.
It does not generate buy or sell signals — it is purely a risk management visualization tool designed for educational and analytical use.
🔧 How it works
Calculates the current ATR (Average True Range) to measure market volatility.
Multiplies ATR by a user-defined factor to suggest a realistic stop-loss distance.
Displays this distance in pips, helping you understand how wide or tight your SL should be.
Optionally draws reference lines above and below the current price to visualize potential SL placement for long and short positions.
⚙️ Inputs
Account Balance (USD): Used for risk visualization.
Risk per Trade (%): Defines the percentage of account balance at risk.
ATR Period: Number of bars used to calculate volatility.
ATR Multiplier for SL: Adjusts how far the SL should be from the entry based on volatility.
Show SL Lines: Toggle visual stop-loss reference lines on or off.
📈 Display
The indicator shows:
Account balance and risk percentage.
Current ATR value.
Suggested stop-loss distance in pips.
Optional SL lines (for visualization only).
⚠️ Disclaimer
This script is for educational and analytical purposes only.
It does not provide financial advice or trade recommendations.
Use it at your own discretion and always manage risk responsibly.
Search in scripts for "Volatility"
Price over VolumeVersion 0.1
Price over Volume Indicator
Description
The Price over Volume indicator calculates the ratio of the closing price to the trading volume (price / volume) for the current chart's symbol and displays it as a histogram in a separate pane. A horizontal zero line is included as a reference to highlight positive and negative values or periods of undefined data (e.g., zero volume). The indicator is designed to help traders analyze the relationship between price movements and trading volume.
Insights Provided
Price-Volume Dynamics: The indicator shows how price per unit of volume fluctuates, offering insights into market efficiency and liquidity. High ratios may indicate low volume relative to price, suggesting potential volatility or thin markets, while low ratios may reflect high volume supporting price stability.
Trend and Momentum Analysis: Spikes or trends in the price-to-volume ratio can signal significant market events, such as buying/selling pressure or low liquidity periods, helping traders identify potential reversals or continuations.
Zero Line Reference: The zero line helps identify periods where the ratio is undefined (e.g., zero volume) or negative (if applicable), aiding in the interpretation of market conditions.
Volume Sensitivity: By normalizing price by volume, the indicator highlights how volume influences price movements, which is useful for assessing the strength of trends or breakouts.
How to Use
Setup: Apply the indicator to any chart with price and volume data (e.g., stocks, cryptocurrencies like BINANCE:BTCUSDT). The histogram appears in a separate pane below the main chart.
Interpretation :
High Ratios: Indicate low trading volume relative to price, potentially signaling overbought conditions or low liquidity. Use with caution in thin markets.
Low Ratios: Suggest high volume supporting price levels, indicating stronger market participation or stability.
Spikes: Watch for sudden increases in the ratio, which may precede volatility or significant price moves.
Zero Line: Periods where the histogram is absent (due to zero volume) indicate no trading activity, useful for identifying illiquid periods.
Trading Applications:
Confirmation Tool: Combine with other indicators (e.g., RSI, MACD) to confirm trend strength. A rising price-to-volume ratio with a price uptrend may indicate weakening volume support, suggesting a potential reversal.
Volume Analysis: Use alongside volume-based indicators (e.g., OBV, VWAP) to assess whether price movements are backed by sufficient volume.
Scalping/Day Trading: Monitor intraday ratio changes to identify high-impact periods with low volume, which may offer short-term trading opportunities.
Customization: Adjust the histogram color or style (e.g., change to line plot) via the Pine Editor to suit your preferences. Consider adding smoothing (e.g., moving average) for cleaner signals.
Notes
Data Requirements: Ensure the chart’s symbol has valid volume data. Symbols with no volume (e.g., some forex pairs) will result in undefined (na) values.
Limitations: The indicator is sensitive to zero-volume periods, which may cause gaps in the histogram. Use on high-liquidity symbols for best results.
Performance: Lightweight and efficient, suitable for all timeframes.
This indicator is ideal for traders seeking to understand the interplay between price and volume, offering a unique perspective on market dynamics for informed trading decisions.
ZScore Plot with Ranked TableVersion 0.1
ZScore Plot with Ranked Table — Overview
This indicator visualizes the rolling ZScores of up to 10 crypto assets, giving traders a normalized view of log return deviations over time. It's designed for volatility analysis, anomaly detection, and clustering of asset behavior.
🎯 Purpose
• Show how each asset's performance deviates from its historical mean
• Identify potential overbought/oversold conditions across assets
• Provide a ranked leaderboard to compare asset behavior instantly
⚙️ Inputs
• Lookback: Number of bars to calculate mean and standard deviation
• Asset 1–10: Choose up to 10 symbols (e.g. BTCUSDT, ETHUSDT)
📈 Outputs
• ZScore Lines: Each asset plotted on a normalized scale (mean = 0, SD = 1)
• End-of-Line Labels: Asset names displayed at latest bar
• Leaderboard Table: Ranked list (top-right) showing:
◦ Asset name (color-matched)
◦ Final ZScore (rounded to 3 decimals)
🧠 Use Cases
• Quantitative traders seeking cross-asset momentum snapshots
• Signal engineers tracking volatility clusters
• Risk managers monitoring outliers and systemic shifts
Custom ATR with Paranormal Bar FilterCustom ATR with Paranormal Bar Filter
Description:
This indicator calculates a custom ATR (Average True Range) by filtering out bars with unusually large or small price ranges. It helps provide a more accurate measure of market volatility by ignoring outliers.
How it works:
True Range Calculation:
The price range for each bar is calculated.
Bars with ranges much larger or smaller than typical are excluded.
Filtered ATR:
The ATR is calculated using only the bars that pass the filter.
Current Bar Progress:
Measures how much the current bar has moved compared to the filtered ATR, based on the difference between its opening and closing prices.
Display:
A line represents the filtered ATR.
A table shows the filtered ATR, the current bar's range, and its progress relative to the ATR.
Input Settings:
ATR Period: Number of bars used to calculate the ATR.
Filter Window: Number of recent bars used to determine the typical range.
Filter Threshold: Sensitivity of the filter. A higher value allows more bars to pass.
How to Use:
Monitor Volatility:
Use the filtered ATR to understand market volatility while ignoring unusual price movements.
Track Current Bar Progress:
See how much of the ATR the current bar has completed.
Adjust Filter Settings:
Fine-tune the filter to match your trading timeframe and strategy.
This indicator is designed for traders who want to track market volatility without being misled by extreme outlier bars.
ALT - ATR Percent Rank🔵 Description
The "ALT - ATR Percent Rank" indicator is a financial analysis tool designed to assess the volatility of an asset relative to its historical behavior, using the Average True Range (ATR) metric.
🔵 Purpose
The indicator aims to provide traders with insights into how the current volatility of an asset compares to its past levels. By evaluating the Percent Rank of the ATR, traders can determine if the current ATR value is high or low in the context of a specified historical period.
🔵 Functionality
• Asset and Timeframe Flexibility
Selectable Asset: Users can choose to apply the indicator to a different asset than the one currently displayed on the chart. This is particularly useful for comparing the volatility of multiple assets without switching charts.
Customizable Timeframe: The indicator can be set to analyze the ATR on different timeframes, regardless of the chart's current timeframe. This allows for multi-timeframe analysis without changing the view of the current chart.
• ATR Calculation
The Average True Range (ATR) is calculated over a user-defined number of bars (ATR Length). ATR is a commonly used measure of volatility that captures the degree of price movement per bar.
REF: Average True Range (ATR) Calculation
• Percent Rank Analysis
The indicator computes the Percent Rank of the current ATR value based on a specified lookback period (Percent Rank Lookback). This tells users how the current ATR compares to ATR values over the recent past, expressed as a percentile. For example, a Percent Rank of 90% indicates that the current ATR is higher than 90% of its values over the chosen lookback period, suggesting higher volatility.
• Visualization
The result is plotted as a line on a separate panel below the main trading chart, making it easy to view changes in volatility relative to historical levels.
🔵 Use Cases
• Trend Confirmation
Traders might use the indicator to confirm if a price movement is backed by significant volatility changes, which could validate the strength of a trend.
• Risk Management
Understanding when an asset is experiencing unusually high or low volatility could help in adjusting trading strategies, such as altering position sizes or setting stop-loss orders.
• Comparative Analysis
By enabling the analysis of different assets or timeframes, traders can perform comparative volatility studies, which can be essential in portfolio management or when seeking diversification opportunities.
This indicator is a valuable tool for traders who rely on volatility analysis to make informed trading decisions, providing a clear, quantifiable measure of how current market conditions compare to historical data.
BF_VolVolGenerally VVIX, VIX of VIX is called as a volatility of volatility. Here we will calculate the ratio of VVIX over VIX and then smooth it out with 5 days SMA and it will be called as VolVol indicator .
By monitoring VolVol indicator, we can peek in the trend of S&P50 market volatility as well as investor's sentiment.
When VolVol indicator is increasing, the market volatility is decreasing and bullish sentiment,
When VolVol indicator is decreasing, the market volatility is increasing and bearish sentiment.
In addition to the 5 days SMA, 20 days look back Bollinger band is added. Note that VIX or VVIX is an expected volatility of 30-day forward price of S&P 500 or VIX respectively, and the 20 days look back period represent last 20 trading days which is equivalent to the last 30 days (approximately 20 trading days during last 30 calendar days) of realized historical price.
When 5 days SMA of VolVol is golden crossing the mid line of the Bollinger band, it is considered as a strong bullish signal and market volatility is decreasing,
When 5 days SMA of VolVol is dead crossing the mid line of the Bollinger band, it is considered as a strong bearish signal and market volatility is increasing.
Consider VolVol indicator as a psychology expression of market participants behavior and sentiment.
Bollinger Bands with 3SD and BUY-SELL Basis*The white lines(both inner and outer ones) are from original Bollinger Bands (calculated as SMA20+SD and SMA20-SD).
*Inner lines are calculated with 2 Standard Deviation ( as classical Bollinger Bands ) and outer ones are with 3 Standard Deviation.
*3 SD calculation is important because, it is useful to investigate further the volatility.
*Classical Bollinger Bands Basis is included in calculations to obtain the bands, but the basis isn't plotted (SMA20).
*For Basis, a-13 bar EMA line is added which tells "BUY" when GREEN, and which tells "SELL" when RED.
*Generally, this code is good to further investigate the volatility especially by the help of 3SD lines. It is particularly important for crypto currencies which are generally highly volatile. On the other hand, the basis will tell BUY-SELL points and BUY-SELL points can be confirmed further, by investigating classical Bollinger Bands rules and anticipate about the volatility.
Real VIXReal VIX is showing us what we can expect from the volatility index. When Real VIX is falling, that means that market volatility will fall and there will be good uptrend.
When Real VIX is rising, that means that volatility will rise, and you can expect huge market movements
This code calculates the "Real VIX" indicator, which is a measure of market volatility. It uses data from various sources, including the High Yield Corporate Bond Index (HYG), the US Dollar Index (DXY), and various US Treasury bond yields, as well as the USDCAD currency pair.
The formula for Real VIX is complex, but it essentially calculates the difference between the current value of the VIX (a commonly used measure of market volatility) and a smoothed version of the VIX. This difference is then plotted on a chart, with green indicating that the market is less volatile than the smoothed version of the VIX suggests, and red indicating that the market is more volatile than expected.
The code also includes a warning for when the Real VIX falls below zero, which suggests that a recession may be on the horizon.
DCVIXThe DCVIX is a modified version of the Williams Vix Fix indicator.
It is a volatility based indicator based on Bollinger Bands and Standard Deviations. It is designed to assist you in identifying times of high and low volatility.
During times of high volatility (squeeze), price action often finds a local bottom. During times of low volatility, price action often finds a local top.
The DCVIX will print aqua bars on the histogram during times of high volatility (squeeze). This will assist you in identifying potential price action bottom.
The DCVIX also shows the changes in volatility based on the size of the bars. This may also assist you in identifying breakouts and even potential market tops.
This indicator is designed to be used in conjunction with other forms of confluence.
Gregoire Channel WidthThis indicator goes with the Gregoire Channel (not shown). It measures the distance from an edge to the middle of the channel.
This serves two purposes:
1) Volatility adjusted position sizing
2) Options buying/selling
-----------------
The formula for volatility adjusted position size is: (account value * risk) / (GC Width / Entry price).
For example, let's say we have a $15,000 account size and want to risk 2% on a TQQQ trade. The GC Width is $8.77 and entry is $167.59.
That gives us a position size of: (15,000 * 0.02) / (8.77 / 167.59) = $5,732.84. Our stop would be around the middle of the channel, in this case.
We use this so we avoid getting blown out in fast-moving markets, yet still make enough for slow moving markets. Too much risk destroys accounts!
-----------------
The green and red colors indicate areas to buy and sell options. RED = sell options, GREEN = buy options.
Options are priced according to volatility. We want to buy them when volatility is low, and sell them when volatility is high. These can also be used as take-profit areas: we buy options on the green and close for profit on the red areas, etc.
Multi-Crypto Principal Component AnalysisVersion 0.2
## 📌 Multi-Crypto Principal Component Analysis (PCA) — Indicator Summary
### 🎯 Purpose
This indicator identifies **cryptocurrency assets that are behaving differently** from the rest of the market, using a simplified approach inspired by Principal Component Analysis (PCA). It’s designed to help traders spot **cross-market divergences**, detect outliers, and improve asset selection and correlation-based strategies.
### ⚙️ How It Works
The indicator analyzes the **log returns** of up to 7 user-defined assets over a configurable lookback period (default: 100 bars). It computes the **z-score** (standardized deviation) for each asset’s return series and compares it against the average behavior of the group.
If an asset’s behavior deviates significantly (beyond a threshold of 1.5 standard deviations), it’s flagged as an **outlier**.
- Each outlier is plotted as a **colored dot horizontally spaced** above the price bar
- Up to **3 dots per bar** are shown for visual clarity
This PCA-style detection works in real time, directly on the chart, and gives you a quick overview of which assets are breaking correlation.
### 🔧 Inputs
- 🕒 **Lookback Period**: Number of bars to analyze (default: 100)
- 🔢 **Assets 1–7**: Choose any 7 crypto symbols from any exchange
- 🎨 **Colors**: Predefined per asset (e.g. BTCUSDT = red, ETHUSDT = yellow)
- 📈 **Threshold**: Internal (1.5 std dev); adjustable in code if needed
### 📊 Outputs
- 🟢 Dots above candles representing assets that are acting as outliers
- 🧠 Real-time clustering insight based on statistical deviation
- 🧭 Spatially spaced dots to avoid visual overlap when multiple outliers appear
### ⚠️ Limitations
- This is a **PCA-inspired approximation**, not true matrix-based PCA
- It does **not compute principal components or eigenvectors**
- Sensitivity may vary with asset volatility or sparse trading data
- Real PCA requires external tools like Python or R for full dimensional analysis
This tool is ideal for traders who want real-time crypto correlation insights without needing external data science platforms. It’s lightweight, fast, and highly visual — and gives you a powerful lens into market dislocations across multiple assets.
VIX (StevenCharts)This indicator plots the VIX (CBOE Volatility Index) in a separate pane to help you quickly gauge market sentiment and volatility.
It highlights the key zone between 15 and 20, which often acts as a transition area between low and high-volatility regimes.
Features:
Plots the VIX line.
Allows you to change the color of the VIX line.
PumpC ATR Line LevelsPumpC ATR Line Levels
Overview
PumpC ATR Line Levels is a volatility-based indicator that projects potential expansion levels from the previous session’s close using the Average True Range (ATR). This tool builds upon the Previous OHLC framework created by Nephew_Sam_ by extending its session-handling logic and adding ATR-based levels, statistical tracking, and flexible visualization options.
How It Works
Calculates ATR from a user-selectable higher timeframe (default: Daily).
Projects levels above and below the previous session’s close (or current close when preview mode is enabled).
Supports up to 5 ATR multiples, each with independent toggles, colors, and labels.
Optionally displays only the most recent ATR session for clarity.
Includes a data table tracking how often ATR levels are reached or closed beyond.
Features
Configurable ATR timeframe and length (default: 21).
Default multiples: 0.30, 0.60, 0.90; optional: 1.236, 2.00.
Toggle for preview mode (using current close vs. locked prior session close).
Customizable line style, width, colors, and label placement.
Visibility filter to show only on chart TF ≤ 60 minutes.
Session statistics table with counts and percentages of level interactions.
Use Cases
Identify intraday expansion targets or stop placement zones based on volatility.
Evaluate historical tendencies of price respecting or breaking ATR bands.
Support volatility-adjusted trade planning with statistical validation.
Acknowledgment
This script was developed on top of the Previous OHLC indicator by Nephew_Sam_ , with major modifications to implement ATR-driven levels, extended statistics, and customizable table output.
Notes
This indicator does not generate buy/sell signals.
Best applied to intraday charts anchored to a higher-timeframe ATR.
Keep charts clean and avoid non-standard bar types when publishing.
RSI + ADX + ATR 18-01-25Combining RSI (Relative Strength Index), ADX (Average Directional Index), and ATR (Average True Range) creates a synergistic approach to technical analysis. This powerful trio covers momentum, trend strength, and volatility, providing comprehensive insights into market conditions. Here's a deeper exploration of their combined results:
1. Momentum Assessment with RSI
Purpose: RSI measures the speed and magnitude of recent price changes to determine overbought or oversold levels.
Benefit in Combination:
When RSI indicates overbought (above 70) or oversold (below 30) levels, it signals a potential reversal or correction.
However, these signals can be false in strongly trending markets, which is why ADX is used alongside it.
2. Trend Strength Confirmation with ADX
Purpose: ADX confirms the presence and strength of a trend.
Benefit in Combination:
If RSI shows a potential reversal but ADX indicates a strong trend (above 25), the trend is likely to continue, and RSI signals may need to be approached with caution.
Conversely, if ADX is below 20 (weak trend), RSI signals are more likely to indicate genuine reversals, as the market lacks a strong directional push.
3. Volatility Analysis with ATR
Purpose: ATR evaluates the level of price volatility.
Benefit in Combination:
High ATR values indicate volatile conditions where prices can move significantly; this helps in setting wider stop-loss levels to avoid premature exits.
Low ATR values suggest quieter markets, where tighter stop-losses and profit targets are more suitable.
FVG ATRFVG ATR — Fair Value Gap Size Measured in ATR Units
This Pine Script v6 indicator detects Fair Value Gaps and displays their size as a ratio of the Average True Range, providing traders with a normalized measurement of gap significance across different market conditions and timeframes.
Key Features
Automatic FVG Detection
The indicator identifies bullish and bearish Fair Value Gaps using the standard three-candle pattern. Bullish FVGs occur when the current low exceeds the high from two bars ago, while bearish FVGs occur when the current high falls below the low from two bars ago.
ATR Ratio Calculation
Each detected FVG is measured against the current Average True Range at the moment of detection. The ratio is displayed as a compact label next to the gap, showing values like "ATR: 0.75" or "ATR: 1.41". This normalization allows comparison of gap significance across volatile and calm market periods.
Minimal Visual Footprint
Labels are displayed directly on the chart without boxes or lines, using customizable text sizes from tiny to large. The default tiny size ensures the chart remains uncluttered while providing essential information at a glance.
Highly Customizable Display
All visual aspects are configurable through input parameters, including label position (top, middle, or bottom of gap), text size, text color, optional background, and horizontal offset from the detection candle.
Customizable Parameters
Detection Settings
Detect Bullish FVG: Enable or disable detection of bullish gaps. Default is enabled.
Detect Bearish FVG: Enable or disable detection of bearish gaps. Default is enabled.
Min Size (pips): Filter out small gaps below the specified threshold. One pip equals 10 ticks for most Forex pairs. Default is 10 pips.
ATR Calculation
ATR Period: Period length for Average True Range calculation. Default is 14, adjustable to match your trading strategy.
Label Settings
Label Position: Vertical placement of the text label relative to the FVG zone. Options are Top, Middle, or Bottom. Default is Middle.
Label Size: Text size from Tiny (smallest), Small, Normal, to Large. Default is Tiny for minimal chart clutter.
Text Color: Custom color for label text. Default is white for visibility on dark themes.
Show Background: Toggle to display labels with a colored background box or as transparent text only. Default is disabled for cleaner appearance.
Background Color: Custom color for label background when enabled. Default is semi-transparent gray.
Label Offset (bars): Horizontal distance in bars between the detection candle and the label. Set to 0 for labels directly on the candle, or increase for separation. Default is 0.
Recommended Use Cases
Multi-Timeframe Analysis
Compare FVG significance across different timeframes by observing ATR ratios. A 1.5 ATR gap on the 1-hour chart may indicate different significance than the same ratio on the daily chart.
Volatility-Adjusted Trading
Use ATR ratios to filter for only the most significant gaps. For example, only trade FVGs with ratios above 1.0 to focus on gaps larger than typical price movement.
Risk Management
Size positions based on gap magnitude relative to current volatility. Larger ATR ratios may warrant tighter stops or smaller position sizes.
Market Efficiency Analysis
Track how quickly and completely different-sized gaps get filled. Gaps with higher ATR ratios may take longer to fill or act as stronger support and resistance zones.
Technical Details
This indicator is written in Pine Script v6 and follows all recommended coding standards including strict 4-space indentation, lazy boolean evaluation, and proper type declarations. The script uses array-based storage to maintain up to 500 labels simultaneously.
The ATR ratio is calculated at the moment of FVG detection and remains fixed, never repainting. The calculation divides the FVG height (distance between gap boundaries) by the current ATR value using the specified period. Division by zero is protected with conditional logic.
Label positioning uses the xloc.bar_index and yloc.price system for precise placement. The horizontal offset parameter allows traders to adjust label spacing based on chart zoom level and personal preference. Text formatting uses str.tostring with two decimal places for clear ratio display.
Important Notes
The indicator never repaints as all FVG detections and ATR calculations are fixed upon bar confirmation. Labels persist on the chart until the maximum label count is reached, at which point the oldest labels are automatically removed by TradingView.
For optimal performance on charts with many FVGs, consider increasing the minimum pip size filter or using smaller label sizes. The tiny size option provides the smallest possible text for maximum chart clarity.
Installation and Usage
Copy the source code into the TradingView Pine Editor and add the indicator to your chart. The overlay parameter is set to true, allowing labels to display directly on price candles. Configure all parameters through the indicator settings panel to match your trading style and visual preferences.
100% Pine Script v6 indicator — No repaint — Open source
[BMAX] Averan BB(ENGLISH)
Averan is an indicator based on ADR, which shows the volatility of the market based on high-low prices on the selected timeframe. The difference between Averan and ATR is that Averan does not consider GAPs, so it basically consider the actual size of the candles.
This indicator also includes a standard deviation representation, the same as the top portion of the bollinger bands to present the variance of the volatility.
(PORTUGUÊS)
Averan é um indicador baseado no ADR, que apresenta a volatilidade do mercado baseado em máximas e mínimas do tempo gráfico escolhido. A diferença do Averan para o ATR é que o Averan não considera GAPs, portanto é basicamente calculado pelo real tamanho dos candles.
Este indicador também inclui a representação do desvio padrão, representado da mesma maneira que a banda superior do Bollinger Bands, apresentando portanto a variância da volatilidade.
VIX/VIX3M Ratio計算並顯示 CBOE:VIX 和 CBOE:VIX3M 的比率，幫助交易者評估市場的波動性。
當比率超過設定的高水平或低於低水平時，指標將顯示為紅色，提示潛在的市場異常情況。
Calculates and displays the ratio of CBOE:VIX to CBOE:VIX3M, helping traders assess market volatility.
When the ratio exceeds the set high level or falls below the low level, the indicator will be displayed in red, signaling potential market anomalies.
Bar Width Percent RankA simple script to calculate and show the current percent rank of the absolute open - close (candle bar width) over a given period.
Useful to determine the current volatility.
A higher value indicates that the current period is having a big swing.
DPMPrice action based volatility. Used to determine profitable intraday trading periods. Lower values indicate unprofitable periods, high values indicate more profitable periods. To be used on XBTUSD 1 day chart.
No SurpriseNever be surprised about a sudden price move. Just a twist on B.bands, really.
Basically, how big of a price change you should expect based on recent volatility.
Check out the " Surprise " indicator to verify how surprised we were in the past.
Real Time UVXY Spike Level TrackerKey Features
Real Time All-Time Low Tracking: Continuously updates the ATL using daily timeframe data.
Multiple Spike Levels: Displays +20%, +50%, +75%, and +100% levels above the ATL.
Real-Time Spike Percentage: Shows current distance from ATL in an easy-to-read table.
Understanding the Chart Lines
Red Line (ATL): The all-time low baseline. This is your reference point for measuring volatility spikes.
Yellow Line (+20%): First level of moderate volatility increase. Minor market stress or routine volatility expansion.
Blue Line (+50%): Significant volatility event. Indicates elevated market concern or technical dislocation.
Purple Line (+75%): Major volatility spike. Typically coincides with substantial market selloffs or uncertainty.
Fuchsia Line (+100%): Extreme volatility event. Rare occurrences associated with market crashes, black swan events, or severe panic.
The Data Table Displays: Current Spike %: Real-time percentage showing how far price is above the ATL (highlighted in green)
Level Column: Each spike threshold level
Price Column: Exact price at each level for quick reference
Understanding UVXY spike levels is valuable for several reasons:
Market Timing & Entry/Exit Points UVXY typically experiences extreme spikes during market panics or crashes. Knowing historical spike levels helps you:
Identify extreme fear levels - When UVXY hits unusually high levels, it often signals peak panic and potential market bottoms
Avoid chasing volatility - Understanding what constitutes an "extreme" spike prevents buying in after the move is already exhausted Mean Reversion Trading
UVXY has a strong tendency to decay over time due to its leveraged structure and the contango in VIX futures. Spike levels matter because:
High probability reversals - When UVXY reaches extreme levels (say 2-3x normal), there's historically been a high probability of reversion
Risk/reward assessment - You can better evaluate whether a short position or volatility-selling strategy makes sense Leveraged ETF enthusiasts and volatility traders often use specific spike percentages as triggers to open short positions. For example, some traders might short when UVXY spikes 5-50%+ in a week or reaches certain percentage thresholds, betting on the inevitable decay back down
IV Rank (tasty-style) — VIXFix / HV ProxyIV Rank (tasty-style) — VIXFix / HV Proxy
Overview
This indicator replicates tastytrade’s IV Rank calculation—but built entirely inside TradingView.
Because TradingView does not expose live option-chain implied volatility, the script lets you choose between two widely used price-based IV proxies:
VIXFix (Williams VIX Fix): a fast-reacting volatility estimate derived from price extremes.
HV(30): 30-day annualized historical volatility of daily log returns.
The goal is to approximate the “rich vs. cheap” option volatility environment that traders use to decide whether to sell or buy premium.
Formula
IV Rank answers the question: Where is current implied volatility relative to its own 1-year range?
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𝑡
−
𝐼
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𝑦
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100
IVR=
IV
1yHigh
−IV
1yLow
IV
current
−IV
1yLow
×100
IVcurrent: Current value of the chosen IV proxy.
IV1yHigh/Low: Highest and lowest proxy values over the user-defined lookback (default 252 trading days ≈ 1 year).
IVR = 0 → Current IV equals its 1-year low
IVR = 100 → Current IV equals its 1-year high
IVR ≈ 50 → Current IV sits mid-range
How to Use
High IV Rank (≥50–60%)
Options are relatively expensive → short-premium strategies (credit spreads, iron condors, straddles) may be more attractive.
Low IV Rank (≤20%)
Options are relatively cheap → long-premium strategies (debit spreads, calendars, diagonals) may offer better risk/reward.
Combine with your own analysis, liquidity checks, and risk management.
Inputs & Customization
IV Source: Choose “VIXFix” or “HV(30)” as the volatility proxy.
IVR Lookback: Rolling window for 1-year high/low (default 252 trading days).
VIXFix Parameters: Length and stdev multiplier to fine-tune sensitivity.
Info Label: Optional on-chart label displays current IV proxy, 1-year high/low, and IV Rank.
Alerts: Optional alerts when IVR crosses 50, falls below 20, or rises above 80.
Notes & Limitations
This indicator does not pull real option-chain IV.
It provides a close structural analogue to tastytrade’s IV Rank using price-derived proxies for markets where options data is not directly available.
For live option IV, use broker platforms or third-party data feeds alongside this script.
Tags: IV Rank, Implied Volatility, Tastytrade, VIXFix, Historical Volatility, Options, Premium Selling, Debit Spreads, Market Volatility
c_b vix based indicatorStandard Deviation based on VIX
Volatility Index is a measure of market's expectation of volatility over the near term. Volatility is often described as the 'rate and magnitude of changes in prices' and in finance often referred to as risk. Volatility Index is a measure, of the amount by which an underlying Index is expected to fluctuate, in the near term, (calculated as annualised volatility, denoted in percentage e.g. 20%) based on the order book of the underlying index options.
India VIX is a volatility index based on the NIFTY Index Option prices. From the best bid-ask prices of NIFTY Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days.
('VIX' is a trademark of Chicago Board Options Exchange, Incorporated ('CBOE') and Standard & Poor's has granted a license to NSE, with permission from CBOE, to use such mark in the name of the India VIX and for purposes relating to the India VIX.)
