[blackcat] L1 Volatility Quality Index (VQI) for ThinkOrSwim

samer800

samer800

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Author Message:
The Volatility Quality Index (VQI) is an indicator used to measure the quality of market volatility. Volatility refers to the extent of price changes in the market. VQI helps traders assess market stability and risk levels by analyzing price volatility. This introduction may be a bit abstract, so let me help you understand it with a comparative metaphor if you're not immersed in various technical indicators.

More Info : https://www.tradingview.com/v/3IP3vsu6/

CODE:
CSS: 
# https://www.tradingview.com/v/3IP3vsu6/
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0///
#// © blackcat1402
#indicator('[blackcat] L1 Volatility Quality Index (VQI)', shorttitle='VQI'
# Converted by Sam4Cok@Samer800     - 09/2023
declare lower;
input ColorBars = no;
input length = 14;             # 'Period Length'
input Multiplier = 2.0;        # 'Multiplier'

#-- Colors
DefineGlobalColor("0", CreateColor(32,7,218));
DefineGlobalColor("1", CreateColor(45,10,255));
DefineGlobalColor("2", CreateColor(0,56,255));
DefineGlobalColor("3", CreateColor(0,80,255));
DefineGlobalColor("4", CreateColor(0,98,255));
DefineGlobalColor("5", CreateColor(0,113,255));
DefineGlobalColor("6", CreateColor(0,126,255));
DefineGlobalColor("7", CreateColor(0,137,255));
DefineGlobalColor("8", CreateColor(0,147,255));
DefineGlobalColor("9", CreateColor(0,157,255));
DefineGlobalColor("10", CreateColor(0,165,255));
DefineGlobalColor("11", CreateColor(0,173,255));
DefineGlobalColor("12", CreateColor(0,181,255));
DefineGlobalColor("13", CreateColor(0,188,255));
DefineGlobalColor("14", CreateColor(0,194,255));
DefineGlobalColor("15", CreateColor(0,201,255));
DefineGlobalColor("16", CreateColor(0,207,238));
DefineGlobalColor("17", CreateColor(0,214,217));
DefineGlobalColor("18", CreateColor(0,220,196));
DefineGlobalColor("19", CreateColor(0,226,174));
DefineGlobalColor("20", CreateColor(0,232,152));
DefineGlobalColor("21", CreateColor(0,237,130));
DefineGlobalColor("22", CreateColor(0,242,107));
DefineGlobalColor("23", CreateColor(0,247,83));
DefineGlobalColor("24", CreateColor(0,251,56));
DefineGlobalColor("25", CreateColor(15,254,9));
DefineGlobalColor("26", CreateColor(27,242,10));
DefineGlobalColor("27", CreateColor(51,242,3));
DefineGlobalColor("28", CreateColor(67,243,0));
DefineGlobalColor("29", CreateColor(80,243,0));
DefineGlobalColor("30", CreateColor(91,244,0));
DefineGlobalColor("31", CreateColor(100,244,0));
DefineGlobalColor("32", CreateColor(109,245,0));
DefineGlobalColor("33", CreateColor(118,245,0));
DefineGlobalColor("34", CreateColor(125,245,0));
DefineGlobalColor("35", CreateColor(133,246,0));
DefineGlobalColor("36", CreateColor(140,246,0));
DefineGlobalColor("37", CreateColor(147,247,0));
DefineGlobalColor("38", CreateColor(153,247,0));
DefineGlobalColor("39", CreateColor(159,247,0));
DefineGlobalColor("40", CreateColor(165,248,0));
DefineGlobalColor("41", CreateColor(171,248,0));
DefineGlobalColor("42", CreateColor(177,248,0));
DefineGlobalColor("43", CreateColor(183,248,0));
DefineGlobalColor("44", CreateColor(188,249,0));
DefineGlobalColor("45", CreateColor(194,249,0));
DefineGlobalColor("46", CreateColor(199,249,0));
DefineGlobalColor("47", CreateColor(204,249,0));
DefineGlobalColor("48", CreateColor(209,250,0));
DefineGlobalColor("49", CreateColor(214,250,2));
DefineGlobalColor("50", CreateColor(219,250,9));
DefineGlobalColor("51", CreateColor(246,255,13));
DefineGlobalColor("52", CreateColor(249,247,0));
DefineGlobalColor("53", CreateColor(251,240,0));
DefineGlobalColor("54", CreateColor(253,232,0));
DefineGlobalColor("55", CreateColor(255,224,0));
DefineGlobalColor("56", CreateColor(255,217,0));
DefineGlobalColor("57", CreateColor(255,209,0));
DefineGlobalColor("58", CreateColor(255,201,0));
DefineGlobalColor("59", CreateColor(255,193,0));
DefineGlobalColor("60", CreateColor(255,185,0));
DefineGlobalColor("61", CreateColor(255,177,0));
DefineGlobalColor("62", CreateColor(255,168,0));
DefineGlobalColor("63", CreateColor(255,160,0));
DefineGlobalColor("64", CreateColor(255,152,0));
DefineGlobalColor("65", CreateColor(255,143,0));
DefineGlobalColor("66", CreateColor(255,134,0));
DefineGlobalColor("67", CreateColor(255,125,0));
DefineGlobalColor("68", CreateColor(255,116,0));
DefineGlobalColor("69", CreateColor(255,106,0));
DefineGlobalColor("70", CreateColor(255,96,0));
DefineGlobalColor("71", CreateColor(255,86,0));
DefineGlobalColor("72", CreateColor(255,74,0));
DefineGlobalColor("73", CreateColor(255,62,0));
DefineGlobalColor("74", CreateColor(252,47,0));
DefineGlobalColor("75", CreateColor(250,26,9));
DefineGlobalColor("76", CreateColor(255,30,13));
DefineGlobalColor("77", CreateColor(255,7,27));
DefineGlobalColor("78", CreateColor(255,0,37));
DefineGlobalColor("79", CreateColor(255,0,47));
DefineGlobalColor("80", CreateColor(255,0,56));
DefineGlobalColor("81", CreateColor(255,0,65));
DefineGlobalColor("82", CreateColor(255,0,73));
DefineGlobalColor("83", CreateColor(255,0,82));
DefineGlobalColor("84", CreateColor(255,0,91));
DefineGlobalColor("85", CreateColor(255,0,100));
DefineGlobalColor("86", CreateColor(255,0,110));
DefineGlobalColor("87", CreateColor(255,0,119));
DefineGlobalColor("88", CreateColor(255,0,129));
DefineGlobalColor("89", CreateColor(255,0,138));
DefineGlobalColor("90", CreateColor(255,0,148));
DefineGlobalColor("91", CreateColor(255,0,158));
DefineGlobalColor("92", CreateColor(255,0,168));
DefineGlobalColor("93", CreateColor(255,0,178));
DefineGlobalColor("94", CreateColor(255,0,189));
DefineGlobalColor("95", CreateColor(255,0,199));
DefineGlobalColor("96", CreateColor(255,0,209));
DefineGlobalColor("97", CreateColor(255,0,220));
DefineGlobalColor("98", CreateColor(255,0,230));
DefineGlobalColor("99", CreateColor(255,0,240));
DefineGlobalColor("100", CreateColor(247,9,250));

script pine_alma {
    input series = close;
    input windowsize = 9;
    input offset = 0.85;
    input sigma = 6;
    def m = offset * windowsize;
    def s = windowsize / sigma;
    def norm_ = fold i = 0 to windowsize with p do
       p + Exp(-1 * Power(i - m, 2) / (2 * Power(s, 2)));
    def sum_ = fold j = 0 to windowsize with q do
       q + GetValue(series, windowsize - j) *
           Exp(-1 * Power(j - m, 2) / (2 * Power(s, 2)));
    def sum = sum_;
    def norm = norm_;
    def alma = sum / norm;
    plot out = alma;
}
def atr_value = ATR(Length = length);
def hh = Highest(high, length);
def ll = Lowest(low, length);
def atr_range = hh - ll;
def vqi = atr_range / atr_value * Multiplier;
def vqiLongterm = pine_alma(vqi, 377,  0.85, 6);
def vqi_longterm = vqiLongterm;
def Avg_Value = pine_alma(close, 21, 0.85, 6);
def AvgValue = Avg_Value;
def nRSI = rsi(Price = AvgValue,Length = 21);
def rsi_val = Round(nRSI, 0);
def rsival = rsi_val;

#-- Plot
plot ColQiLine = vqi_longterm;
ColQiLine.SetDefaultColor(Color.WHITE);

plot VolQi = vqi;    # 'VQI'
VolQi.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
VolQi.AssignValueColor(if vqi > vqi_longterm then
                       if rsival <= 0 then  GlobalColor("0") else
                       if rsival <= 1 then  GlobalColor("1") else
                       if rsival <= 2 then  GlobalColor("2") else
                       if rsival <= 3 then  GlobalColor("3") else
                       if rsival <= 4 then  GlobalColor("4") else
                       if rsival <= 5 then  GlobalColor("5") else
                       if rsival <= 6 then  GlobalColor("6") else
                       if rsival <= 7 then  GlobalColor("7") else
                       if rsival <= 8 then  GlobalColor("8") else
                       if rsival <= 9 then  GlobalColor("9") else
                       if rsival <= 10 then  GlobalColor("10") else
                       if rsival <= 11 then  GlobalColor("11") else
                       if rsival <= 12 then  GlobalColor("12") else
                       if rsival <= 13 then  GlobalColor("13") else
                       if rsival <= 14 then  GlobalColor("14") else
                       if rsival <= 15 then  GlobalColor("15") else
                       if rsival <= 16 then  GlobalColor("16") else
                       if rsival <= 17 then  GlobalColor("17") else
                       if rsival <= 18 then  GlobalColor("18") else
                       if rsival <= 19 then  GlobalColor("19") else
                       if rsival <= 20 then  GlobalColor("20") else
                       if rsival <= 21 then  GlobalColor("21") else
                       if rsival <= 22 then  GlobalColor("22") else
                       if rsival <= 23 then  GlobalColor("23") else
                       if rsival <= 24 then  GlobalColor("24") else
                       if rsival <= 25 then  GlobalColor("25") else
                       if rsival <= 26 then  GlobalColor("26") else
                       if rsival <= 27 then  GlobalColor("27") else
                       if rsival <= 28 then  GlobalColor("28") else
                       if rsival <= 29 then  GlobalColor("29") else
                       if rsival <= 30 then  GlobalColor("30") else
                       if rsival <= 31 then  GlobalColor("31") else
                       if rsival <= 32 then  GlobalColor("32") else
                       if rsival <= 33 then  GlobalColor("33") else
                       if rsival <= 34 then  GlobalColor("34") else
                       if rsival <= 35 then  GlobalColor("35") else
                       if rsival <= 36 then  GlobalColor("36") else
                       if rsival <= 37 then  GlobalColor("37") else
                       if rsival <= 38 then  GlobalColor("38") else
                       if rsival <= 39 then  GlobalColor("39") else
                       if rsival <= 40 then  GlobalColor("40") else
                       if rsival <= 41 then  GlobalColor("41") else
                       if rsival <= 42 then  GlobalColor("42") else
                       if rsival <= 43 then  GlobalColor("43") else
                       if rsival <= 44 then  GlobalColor("44") else
                       if rsival <= 45 then  GlobalColor("45") else
                       if rsival <= 46 then  GlobalColor("46") else
                       if rsival <= 47 then  GlobalColor("47") else
                       if rsival <= 48 then  GlobalColor("48") else
                       if rsival <= 49 then  GlobalColor("49") else
                       if rsival <= 50 then  GlobalColor("50") else
                       if rsival <= 51 then  GlobalColor("51") else
                       if rsival <= 52 then  GlobalColor("52") else
                       if rsival <= 53 then  GlobalColor("53") else
                       if rsival <= 54 then  GlobalColor("54") else
                       if rsival <= 55 then  GlobalColor("55") else
                       if rsival <= 56 then  GlobalColor("56") else
                       if rsival <= 57 then  GlobalColor("57") else
                       if rsival <= 58 then  GlobalColor("58") else
                       if rsival <= 59 then  GlobalColor("59") else
                       if rsival <= 60 then  GlobalColor("60") else
                       if rsival <= 61 then  GlobalColor("61") else
                       if rsival <= 62 then  GlobalColor("62") else
                       if rsival <= 63 then  GlobalColor("63") else
                       if rsival <= 64 then  GlobalColor("64") else
                       if rsival <= 65 then  GlobalColor("65") else
                       if rsival <= 66 then  GlobalColor("66") else
                       if rsival <= 67 then  GlobalColor("67") else
                       if rsival <= 68 then  GlobalColor("68") else
                       if rsival <= 69 then  GlobalColor("69") else
                       if rsival <= 70 then  GlobalColor("70") else
                       if rsival <= 71 then  GlobalColor("71") else
                       if rsival <= 72 then  GlobalColor("72") else
                       if rsival <= 73 then  GlobalColor("73") else
                       if rsival <= 74 then  GlobalColor("74") else
                       if rsival <= 75 then  GlobalColor("75") else
                       if rsival <= 76 then  GlobalColor("76") else
                       if rsival <= 77 then  GlobalColor("77") else
                       if rsival <= 78 then  GlobalColor("78") else
                       if rsival <= 79 then  GlobalColor("79") else
                       if rsival <= 80 then  GlobalColor("80") else
                       if rsival <= 81 then  GlobalColor("81") else
                       if rsival <= 82 then  GlobalColor("82") else
                       if rsival <= 83 then  GlobalColor("83") else
                       if rsival <= 84 then  GlobalColor("84") else
                       if rsival <= 85 then  GlobalColor("85") else
                       if rsival <= 86 then  GlobalColor("86") else
                       if rsival <= 87 then  GlobalColor("87") else
                       if rsival <= 88 then  GlobalColor("88") else
                       if rsival <= 89 then  GlobalColor("89") else
                       if rsival <= 90 then  GlobalColor("90") else
                       if rsival <= 91 then  GlobalColor("91") else
                       if rsival <= 92 then  GlobalColor("92") else
                       if rsival <= 93 then  GlobalColor("93") else
                       if rsival <= 94 then  GlobalColor("94") else
                       if rsival <= 95 then  GlobalColor("95") else
                       if rsival <= 96 then  GlobalColor("96") else
                       if rsival <= 97 then  GlobalColor("97") else
                       if rsival <= 98 then  GlobalColor("98") else
                       if rsival <= 99 then  GlobalColor("99") else
                         GlobalColor("100") else Color.GRAY);

AssignPriceColor(if !ColorBars then Color.CURRENT else
                       if vqi <= vqi_longterm then Color.GRAY else
                       if rsival <= 0 then  GlobalColor("0") else
                       if rsival <= 1 then  GlobalColor("1") else
                       if rsival <= 2 then  GlobalColor("2") else
                       if rsival <= 3 then  GlobalColor("3") else
                       if rsival <= 4 then  GlobalColor("4") else
                       if rsival <= 5 then  GlobalColor("5") else
                       if rsival <= 6 then  GlobalColor("6") else
                       if rsival <= 7 then  GlobalColor("7") else
                       if rsival <= 8 then  GlobalColor("8") else
                       if rsival <= 9 then  GlobalColor("9") else
                       if rsival <= 10 then  GlobalColor("10") else
                       if rsival <= 11 then  GlobalColor("11") else
                       if rsival <= 12 then  GlobalColor("12") else
                       if rsival <= 13 then  GlobalColor("13") else
                       if rsival <= 14 then  GlobalColor("14") else
                       if rsival <= 15 then  GlobalColor("15") else
                       if rsival <= 16 then  GlobalColor("16") else
                       if rsival <= 17 then  GlobalColor("17") else
                       if rsival <= 18 then  GlobalColor("18") else
                       if rsival <= 19 then  GlobalColor("19") else
                       if rsival <= 20 then  GlobalColor("20") else
                       if rsival <= 21 then  GlobalColor("21") else
                       if rsival <= 22 then  GlobalColor("22") else
                       if rsival <= 23 then  GlobalColor("23") else
                       if rsival <= 24 then  GlobalColor("24") else
                       if rsival <= 25 then  GlobalColor("25") else
                       if rsival <= 26 then  GlobalColor("26") else
                       if rsival <= 27 then  GlobalColor("27") else
                       if rsival <= 28 then  GlobalColor("28") else
                       if rsival <= 29 then  GlobalColor("29") else
                       if rsival <= 30 then  GlobalColor("30") else
                       if rsival <= 31 then  GlobalColor("31") else
                       if rsival <= 32 then  GlobalColor("32") else
                       if rsival <= 33 then  GlobalColor("33") else
                       if rsival <= 34 then  GlobalColor("34") else
                       if rsival <= 35 then  GlobalColor("35") else
                       if rsival <= 36 then  GlobalColor("36") else
                       if rsival <= 37 then  GlobalColor("37") else
                       if rsival <= 38 then  GlobalColor("38") else
                       if rsival <= 39 then  GlobalColor("39") else
                       if rsival <= 40 then  GlobalColor("40") else
                       if rsival <= 41 then  GlobalColor("41") else
                       if rsival <= 42 then  GlobalColor("42") else
                       if rsival <= 43 then  GlobalColor("43") else
                       if rsival <= 44 then  GlobalColor("44") else
                       if rsival <= 45 then  GlobalColor("45") else
                       if rsival <= 46 then  GlobalColor("46") else
                       if rsival <= 47 then  GlobalColor("47") else
                       if rsival <= 48 then  GlobalColor("48") else
                       if rsival <= 49 then  GlobalColor("49") else
                       if rsival <= 50 then  GlobalColor("50") else
                       if rsival <= 51 then  GlobalColor("51") else
                       if rsival <= 52 then  GlobalColor("52") else
                       if rsival <= 53 then  GlobalColor("53") else
                       if rsival <= 54 then  GlobalColor("54") else
                       if rsival <= 55 then  GlobalColor("55") else
                       if rsival <= 56 then  GlobalColor("56") else
                       if rsival <= 57 then  GlobalColor("57") else
                       if rsival <= 58 then  GlobalColor("58") else
                       if rsival <= 59 then  GlobalColor("59") else
                       if rsival <= 60 then  GlobalColor("60") else
                       if rsival <= 61 then  GlobalColor("61") else
                       if rsival <= 62 then  GlobalColor("62") else
                       if rsival <= 63 then  GlobalColor("63") else
                       if rsival <= 64 then  GlobalColor("64") else
                       if rsival <= 65 then  GlobalColor("65") else
                       if rsival <= 66 then  GlobalColor("66") else
                       if rsival <= 67 then  GlobalColor("67") else
                       if rsival <= 68 then  GlobalColor("68") else
                       if rsival <= 69 then  GlobalColor("69") else
                       if rsival <= 70 then  GlobalColor("70") else
                       if rsival <= 71 then  GlobalColor("71") else
                       if rsival <= 72 then  GlobalColor("72") else
                       if rsival <= 73 then  GlobalColor("73") else
                       if rsival <= 74 then  GlobalColor("74") else
                       if rsival <= 75 then  GlobalColor("75") else
                       if rsival <= 76 then  GlobalColor("76") else
                       if rsival <= 77 then  GlobalColor("77") else
                       if rsival <= 78 then  GlobalColor("78") else
                       if rsival <= 79 then  GlobalColor("79") else
                       if rsival <= 80 then  GlobalColor("80") else
                       if rsival <= 81 then  GlobalColor("81") else
                       if rsival <= 82 then  GlobalColor("82") else
                       if rsival <= 83 then  GlobalColor("83") else
                       if rsival <= 84 then  GlobalColor("84") else
                       if rsival <= 85 then  GlobalColor("85") else
                       if rsival <= 86 then  GlobalColor("86") else
                       if rsival <= 87 then  GlobalColor("87") else
                       if rsival <= 88 then  GlobalColor("88") else
                       if rsival <= 89 then  GlobalColor("89") else
                       if rsival <= 90 then  GlobalColor("90") else
                       if rsival <= 91 then  GlobalColor("91") else
                       if rsival <= 92 then  GlobalColor("92") else
                       if rsival <= 93 then  GlobalColor("93") else
                       if rsival <= 94 then  GlobalColor("94") else
                       if rsival <= 95 then  GlobalColor("95") else
                       if rsival <= 96 then  GlobalColor("96") else
                       if rsival <= 97 then  GlobalColor("97") else
                       if rsival <= 98 then  GlobalColor("98") else
                       if rsival <= 99 then  GlobalColor("99") else
                         GlobalColor("100"));

#-- END of CODE
 

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