OPEN-SOURCE SCRIPT

Volatility Prism [Nic]

Zaktualizowano
What is this
The volatility rainbow tracks divergences in a security and its volatility index. This can be used to identify periods of heightened implied (future) risk.

About Volatility
The volatility is calculated by looking at put / call ratios. When VIX goes up it means that puts are outpacing calls. This is a bearish signal.

About Correlation
When the security goes up while the VIX goes up, the divergence on the plot will increase and turn a color. This should be a warning.

Volatility Rainbow
This is a similar indicator, but this one merges all signals into a single line.
Volatility Rainbow [Nic]
Informacje o Wersji
What is this
The volatility prism tracks divergences in a security and its volatility index. This can be used to identify periods of heightened implied (future) risk.

About Volatility
The volatility is calculated by looking at put / call ratios. When VIX goes up it means that puts are outpacing calls. This is a bearish signal.

About Correlation
When the security goes up while the VIX goes up, the divergence on the plot will increase and turn a color. This should be a warning.
This index tracks the divergence of SPY/VIX, QQQ/VXN, IWM/RVX, DIA/VXD, GLD/GVZ, SPY/VVIX, SPY/TLT in one index.

Volatility Rainbow
This is a similar indicator, but this one merges all signals into a single line.
Volatility Rainbow [Nic]
Informacje o Wersji
Added Weights
Historical Volatility

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