Works best as an intraday indicator Background black & line green = Long VIX Background black & red line = No trade Background orange & line green = Consider selling Background orange & line red = Short VIX
I am going to start taking requests to open source my indicators and they will also be updated to Version 4 of Pinescript. I added some features to the original code such the ability to smooth the oscillator and select the look back periods for the historical volatility. Link to original: Original post: "The idea for this started here: www.tradingview.com...
Tracks the 5 largest stocks by market cap in the S&P 500. As of May 2020 they make up 50% of the index
Modified version of ATR Pips The indicator's value is a third of the daily range which is good to use as a stop loss value for intra day scalping on markets such as index futures and forex. It's good for detecting and confirming inflection points in the market.