This indicator calculates the distribution of close-to-close percentage changes using rate of change on closing prices. It bins percentage changes into intervals of 0.25 percent increments from negative to positive values and plots a normalized cumulative hist
Indicator · Pine Script v4 · Own pane
QS Vix
A Pine v4 indicator in a separate pane that builds a volatility gauge from the S&P 500 index.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code42
Settings2inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago19 Mar 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
42 lines of Pine Script v4 from TradingView_old/2022/VIX-QS.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © QuantStreet
//@version=4
study("QS Vix", shorttitle="QSVIX")
bull_color = #058ac5
indecision_color = #dde4c5
bear_color = #ff583e
vix_high = security("SPX", timeframe.period, high)
vix_low = security("SPX", timeframe.period, low)
vix_close = security("SPX", timeframe.period, close)
val = input(20)
h = input(high)
short_vix = (highest(vix_high, val) - vix_low) / highest(vix_high, val) * 100
long_vix = (highest(vix_high, val * 10) - vix_low) / highest(vix_high, val * 10) * 100
//plot(short_vix, color=color.red)
tVIX = linreg(long_vix + short_vix, 5, 0) - 11
tvix_color = tVIX > 0 ?bear_color : bull_color
plot(-tVIX, style=plot.style_histogram, color=tvix_color)
vixMA = ema(-tVIX, 20)
//plot(vixMA, color=color.white)
plot(vixMA > 0 ? vixMA * 1.1 : na, color=color.white)
plot(vixMA < 0 ? vixMA * 0.9 : na, color=color.white)
hline(0)
Overview
QS Vix measures the distance of the current low from the highest high over a short window and a window ten times longer, as percentages, adds them and smooths the sum with a linear regression, then offsets it. Inputs set the window length and high source. It requests data from another symbol and needs it available.
- Drawdown-from-high volatility measure
- Short and long lookback windows
- Linear regression smoothing
- Uses S&P 500 index data
Details
Published by
nvFede on GitHub
Code credit
QuantStreet, as written in the script's header
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Markets
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| val | int | 20 | val |
| h | source | high | h |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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