This indicator shows 1 and 2 standard deviation price move from the VWAP based on VIX. Implied Volatility (IV) is being used extensively in the Option world to project the Expected Move for the underlying instrument. VIX is used as a proxy for SPY's IV for 30 days.
This indicator is meaningful only for SPY but can be used in any other instrument which has a strong correlation to SPY.
This indicator is meaningful only for SPY but can be used in any other instrument which has a strong correlation to SPY.
Release Notes
Added AAPL, AMZN, GOOG & IBM to use the corresponding VIX.Added Ability to disable the bands if the VIX is not available.
Minot UI changes.
Release Notes
Using VIX instead of VIX9D as Tradingview's VIX9D data is delayed Release Notes
Simple color tone change. Release Notes
Requested by Jansuperv to have VXX instead of VIX. Now you can configure that from the input panel.Release Notes
Added alert on price crossing 3 SD as requested by acogwell11Release Notes
Added weekly option for VWAP as requested by MacPeroniRelease Notes
upgraded to v6 by shaneaus Thanks bro!Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.