Label for VIX

[mikep]

Total noob here, can someone help me with code for creating a simple label in upper that shows the current value of the VIX? Thanks, Mike

 

[Svanoy]

Is this what you had in mind?

def VXClose = close("/VX");
AddLabel(yes,VXClose,color.white);

 

[mikep]

Actually I had VIX in mind, not VX. Is it a matter of doing it like this?

def VIXClose = close("/VIX");
AddLabel(yes,VIXClose,color.white);

 

[Svanoy]

Remove the forward slash.
/VX is futures index, for some reason that is what I read when I saw your post.

You want just VIX so:

def VIXClose = close("VIX");
AddLabel(yes,VIXClose,color.white);

is what you want.

 

[longshot834]

Hi Svanoy,

With that label above. Can you add VIX's trend? meaning if VIX go up, it will show green color. and down will be red color?

Thanks

 

[Svanoy]

This should work.

def VIXClose = if IsNaN(close("VIX")) then VIXClose[1] else close("VIX");
AddLabel(yes, VIXClose, If VIXClose>=VIXClose[1] then color.Green else color.RED);

 

[mikep]

Remove the forward slash.
/VX is futures index, for some reason that is what I read when I saw your post.

You want just VIX so:

def VIXClose = close("VIX");
AddLabel(yes,VIXClose,color.white);

is what you want.

Thanks for the response Svanoy, actually you were correct when you mentioned VX, as futures is the one I'm interested in. Sorry for the confusion (on my part). If I were a younger man I'd give this coding a shot. I find it very interesting. Thanks again.

 

[longshot834]

This should work.

def VIXClose = if IsNaN(close("VIX")) then VIXClose[1] else close("VIX");
AddLabel(yes, VIXClose, If VIXClose>=VIXClose[1] then color.Green else color.RED);

can you add a code so it will show ticker symbol as well?

 

[Svanoy]

@longshot834

def VIXClose = if IsNaN(close("VIX")) then VIXClose[1] else close("VIX");
AddLabel(yes, "VIX: "+VIXClose, If VIXClose>=VIXClose[1] then color.Green else color.RED);

 

[longshot834]

@longshot834

def VIXClose = if IsNaN(close("VIX")) then VIXClose[1] else close("VIX");
AddLabel(yes, "VIX: "+VIXClose, If VIXClose>=VIXClose[1] then color.Green else color.RED);

Something wrong. Vix shown green color. before the adding ticker symbol it was red. Can you take a look please?

 

[Svanoy]

Changing the text of a label has no effect on the logic.

It is due to handling the 'IsNaN' condition by referring to the previous bar.
Since the market is closed right now, the last real value is being carried over until market open.

If you want to, you can change the code to this

def VIXClose = if IsNaN(close("VIX")) then VIXClose[1] else close("VIX");
AddLabel(yes, "VIX: "+VIXClose, If VIXClose>VIXClose[1] then color.Green
                else If VIXClose<VIXClose[1] then color.RED else color.BLACK);

and the label will blackout between market close and market open.

 

[akoplan]

Is there a way to put the label in the upper left corner rather than at the bar?

 

[Svanoy]

@akoplan. The label in the code above will show in the upper left as long as there are not any AddLabel lines above it in the code.
The Chart Bubble in the screenshot was just for illustrative purposes to show the value carrying over during market close.