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 v6 · Own pane
[TVT] VIX Squeeze
Calculates the standard deviation of VIX high prices across a configurable lookback period.
GitHub stars318on the repository
Pine versionv6current
Lines of code25
Settings3inputs
LicenceMIT
Last update2 months ago18 Aug 2026
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
25 lines of Pine Script v6 from tv-scripts/tvt-vix-squeeze.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator(title="[TVT] VIX Squeeze", shorttitle="[TVT] VIX-SQ", overlay=false)
// Fetch VIX high prices
vix_high = request.security("VIX", "", high)
// Input for Standard Deviation Length (defaulting to 20)
length = input.int(20, title="Standard Deviation Length", minval=1)
// Calculate Standard Deviation of high prices
high_stdev = ta.stdev(vix_high, length)
// Plot Standard Deviation
plot(high_stdev, title="VIX High Price StdDev", color=color.purple, linewidth=2)
// Thresholds
upper_threshold = input.float(10.0, title="Upper Threshold", minval=0.0)
lower_threshold = input.float(1.0, title="Lower Threshold", minval=0.0)
// Plot threshold lines using hline
hline(upper_threshold, "Upper Threshold", color=color.new(color.green, 2), linestyle=hline.style_solid)
hline(lower_threshold, "Lower Threshold", color=color.new(color.red, 2), linestyle=hline.style_solid)
// Highlight background when VIX std dev is below lower threshold
bgcolor(high_stdev < lower_threshold ? color.new(color.red, 90) : na, title="Low VIX StdDev Highlight")
Overview
[TVT] VIX Squeeze plots the resulting volatility metric in a separate pane alongside upper and lower threshold horizontal levels. When the standard deviation falls below the lower threshold, representing volatility compression, the indicator tints the chart background red. Settings allow customization of the standard deviation length and both threshold levels.
- VIX high price standard deviation tracking
- Configurable upper and lower threshold levels
- Low volatility squeeze background highlight
Details
Published by
namuan on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volatility & bands
Markets
Indices, Stocks
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.
Topics
trading-strategiesmarket-analysisdtalestock-market-analysistelegram-botearnings-calendaroptions-trading
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Standard Deviation Length | int | 20 | length |
| Upper Threshold | float | 10.0 | upper_threshold |
| Lower Threshold | float | 1.0 | lower_threshold |
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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