Daily Implied Volatility Indicator

cruzemg

New member
Hi, I'm a newbie to the think script community and need some help finding the script for creating an indicator to plot daily IV over time. My goal is to be able to isolate the point in the day when IV starts to drop, but it seems to vary from day to day for 0 DTE trades. Ideally, the indicator could plot a line graph which would add the MMM to the IV on a continuous basis. At the time of this screenshot, the MMM was 12.971 and the IV for the current day was 18.306, so I'd expect the indicator to read 31.277. Anyone know of a script like this? Thank you for your help!

I read through this post, but it didn't quite address the same issue: https://usethinkscript.com/threads/implied-volatility-iv-rank-percentile-for-thinkorswim.674/
IV Question.png
 

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