Label ( vix price / 15.87)

[jgj]

I mostly trade spx and spy. I usually take the current vix price and divide it by 15.87 (sq rt of 252) to get an idea of the approximate
move of spy for the day. ( I also use expected move from the TOS trade tab) . When I'm on my spx chart, can someone help me create a label that shows the result of that calculation? I would appreciate it.

 

[mashume]

declare upper;
def data = close(symbol = "VIX");
addLabel(yes, "VIX / √252 :  " + (data / sqrt(252)) + "   ", color.gray);

should get you close. This will work on any time based chart (you can't have secondary symbols on tick charts -- although curiously enough a day aggregation will work on a tick chart... hmmm...).

-mashume

 

[jgj]

declare upper;
def data = close(symbol = "VIX");
addLabel(yes, "VIX / √252 :  " + (data / sqrt(252)) + "   ", color.gray);

should get you close. This will work on any time based chart (you can't have secondary symbols on tick charts -- although curiously enough a day aggregation will work on a tick chart... hmmm...).

-mashume

This is exactly what I need. Thank you so much Mashume.

 

[traderjoe777]

Hi @jgj , Can you please tell me more about the expected move in the trade tab. Where can I find it and your strategy. Thank you.