Sigma Expected Movement For ThinkOrSwim

B

BrooklynMintCapital

New member
Author states:
Based on the VIX, this indicator shows the expected movement of a stock, ETF or index.
This indicator has two standard deviations that you can set for better guidance.
You can also adjust it for a result in one day, one week or one month.
R4Gvj1D.png


Hey @samer800 Looking for some assistance with converting this https://www.tradingview.com/script/5bmBkxJO-Sigma-Expected-Movement-D-W-M/
currently I have to manually input the levels which is time consuming. I have created one for /NQ, /ES, SPX, QQQ, IWM and AAPL. here is my SPY TOS version: http://tos.mx/zYfS7Gp Any assistance would be greatly appreciated.

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BrooklynMintCapital said:
Hey @samer800 Looking for some assistance with converting this https://www.tradingview.com/script/5bmBkxJO-Sigma-Expected-Movement-D-W-M/
currently I have to manually input the levels which is time consuming. I have created one for /NQ, /ES, SPX, QQQ, IWM and AAPL. here is my SPY TOS version: http://tos.mx/zYfS7Gp Any assistance would be greatly appreciated.

View attachment 20979
Click to expand...
check the below
CSS: 
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © seba34e
#indicator("Sigma Expected Movement [D/W/M]", overlay=true)
# Converted by Sam4Cok@Samer800    - 02/2024
input showTabel = yes;
input showLabel = yes;
input extendLeft = 10;
input extendRight = 2;
input symbol = "VIX";
input period = {default "DAY", "WEEK", "MONTH"}; # title="Period", options =
input FirstDeviation = 68; #, title = "First Deviation (%)")
input SecondDeviation = 90; #, title = "Second Deviation (%)")
input RoundToInteger = no; #(false, title = "Round to Integer", inline = "Round")
input Round = 5; #, title="", inline = "Round")


def na = Double.NaN;
def last = isNaN(close);
def n =  BarNumber();
def bar = if !last then n else bar[1];
def right = n == highestAll(bar + extendRight);
def left = n == highestAll(bar - extendLeft);

def operableDays; # = 0
switch (period) {
case "WEEK" :
    operableDays = 52;
case "MONTH" :
    operableDays = 12;
default :
    operableDays = 252;
}
def tickerid = close(Period = "Day")[1];
def vixID =  close(Symbol = symbol);
#//Geting data
def previousClose = if !isNaN(tickerid) then tickerid else previousClose[1];
def vixClose = if !isNaN(vixID) then vixID else vixClose[1];

def raizCuadrada = Sqrt(operableDays);
def d = vixClose / raizCuadrada;
def ME = previousClose * (d / 100);
def pME_sup = previousClose + ME;
def pME_inf = previousClose - ME;
def ME_inv = previousClose;
def pRangoUp1   = ME_inv + ((pME_sup - ME_inv) * (FirstDeviation / 100));
def pRangoDn1 = ME_inv + ((ME_inv - pME_sup) * (FirstDeviation / 100));
def pRangoUp2 =   ME_inv + ((pME_sup - ME_inv) * (SecondDeviation / 100));
def pRangoDn2 = ME_inv + ((ME_inv - pME_sup) * (SecondDeviation / 100));

Script RoundIT {
input RoundToInteger = no;
input value = close;
input round = 5;
    def yy1 = value % Round;
    def me = if RoundToInteger then
             if yy1 > round / 2 then value + (Round - yy1) else Value - yy1 else value;
    plot out = me;
}

def ME_sup = RoundIT(RoundToInteger, pME_sup, round);
def ME_inf = RoundIT(RoundToInteger, pME_inf, round);
def RangoUp1 = RoundIT(RoundToInteger, pRangoUp1, round);
def RangoDn1 = RoundIT(RoundToInteger, pRangoDn1, round);
def RangoUp2 = RoundIT(RoundToInteger, pRangoUp2, round);
def RangoDn2 = RoundIT(RoundToInteger, pRangoDn2, round);

plot line_inf = if left then ME_inf else
                if right then ME_inf[extendRight] else na;
plot line_sup = if right then ME_sup[extendRight] else
                if left then ME_sup else na;

plot line_inf1 = if right then RangoDn1[extendRight] else
                 if left then RangoDn1 else na;
plot line_sup1 = if right then RangoUp1[extendRight] else
                 if left then RangoUp1 else na;

plot line_inf2 = if right then RangoDn2[extendRight] else
                 if left then RangoDn2 else na;
plot line_sup2 = if right then RangoUp2[extendRight] else
                 if left then RangoUp2 else na;

plot line_previousClose = if right then previousClose[extendRight] else
                          if left then previousClose else na;

line_inf1.SetStyle(Curve.SHORT_DASH);
line_sup1.SetStyle(Curve.SHORT_DASH);
line_inf2.SetStyle(Curve.MEDIUM_DASH);
line_sup2.SetStyle(Curve.MEDIUM_DASH);
line_inf.SetDefaultColor(Color.MAGENTA);
line_sup.SetDefaultColor(Color.MAGENTA);
line_inf1.SetDefaultColor(Color.YELLOW);
line_sup1.SetDefaultColor(Color.YELLOW);
line_inf2.SetDefaultColor(Color.CYAN);
line_sup2.SetDefaultColor(Color.CYAN);
line_inf.EnableApproximation();
line_sup.EnableApproximation();
line_inf1.EnableApproximation();
line_sup1.EnableApproximation();
line_inf2.EnableApproximation();
line_sup2.EnableApproximation();
line_previousClose.EnableApproximation();

#-- Labels
def meRound = Round(ME, 2);
def supRound = Round(ME_sup, 2);
def infRound = Round(ME_inf, 2);
def vixRound = Round(vixClose, 2);
def cloRound = Round(previousClose, 2);

AddLabel(showTabel, "Period:(" + period + ")", Color.WHITE);
AddLabel(showTabel, "EM:(±" + meRound + ")", Color.YELLOW);
AddLabel(showTabel, "Expected Movement Up:($" + supRound + ")", Color.GREEN);
AddLabel(showTabel, "Expected Movement DOWN:($" + infRound + ")", Color.RED);
AddLabel(showTabel, "VIX:($" + vixRound + ")", Color.WHITE);
AddLabel(showTabel, "Previous Close:($" + cloRound + ")", Color.WHITE);

AddChartBubble(showLabel and left, line_inf, Round(line_inf, 2), Color.MAGENTA, no);
AddChartBubble(showLabel and left, line_sup, Round(line_sup, 2), Color.MAGENTA);
AddChartBubble(showLabel and left, line_inf1, Round(line_inf1, 2), Color.YELLOW, no);
AddChartBubble(showLabel and left, line_sup1, Round(line_sup1, 2), Color.YELLOW);
AddChartBubble(showLabel and left, line_inf2, Round(line_inf2, 2), Color.CYAN, no);
AddChartBubble(showLabel and left, line_sup2, Round(line_sup2, 2), Color.CYAN);
AddChartBubble(showLabel and left, line_previousClose, Round(line_previousClose, 2), Color.GRAY);

#-- END Of CODE
 
@samer800 , This is a very interesting study. Thanks for taking the time to convert it. Could you possibly add some lower time frames to the script? Say like a 15 min, 30 min, and 60 min. I am hoping that these lower time frames will make the study more useful for scalping.
 
samer800 said:
check the below
CSS: 
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © seba34e
#indicator("Sigma Expected Movement [D/W/M]", overlay=true)
# Converted by Sam4Cok@Samer800    - 02/2024
input showTabel = yes;
input showLabel = yes;
input extendLeft = 10;
input extendRight = 2;
input symbol = "VIX";
input period = {default "DAY", "WEEK", "MONTH"}; # title="Period", options =
input FirstDeviation = 68; #, title = "First Deviation (%)")
input SecondDeviation = 90; #, title = "Second Deviation (%)")
input RoundToInteger = no; #(false, title = "Round to Integer", inline = "Round")
input Round = 5; #, title="", inline = "Round")


def na = Double.NaN;
def last = isNaN(close);
def n =  BarNumber();
def bar = if !last then n else bar[1];
def right = n == highestAll(bar + extendRight);
def left = n == highestAll(bar - extendLeft);

def operableDays; # = 0
switch (period) {
case "WEEK" :
    operableDays = 52;
case "MONTH" :
    operableDays = 12;
default :
    operableDays = 252;
}
def tickerid = close(Period = "Day")[1];
def vixID =  close(Symbol = symbol);
#//Geting data
def previousClose = if !isNaN(tickerid) then tickerid else previousClose[1];
def vixClose = if !isNaN(vixID) then vixID else vixClose[1];

def raizCuadrada = Sqrt(operableDays);
def d = vixClose / raizCuadrada;
def ME = previousClose * (d / 100);
def pME_sup = previousClose + ME;
def pME_inf = previousClose - ME;
def ME_inv = previousClose;
def pRangoUp1   = ME_inv + ((pME_sup - ME_inv) * (FirstDeviation / 100));
def pRangoDn1 = ME_inv + ((ME_inv - pME_sup) * (FirstDeviation / 100));
def pRangoUp2 =   ME_inv + ((pME_sup - ME_inv) * (SecondDeviation / 100));
def pRangoDn2 = ME_inv + ((ME_inv - pME_sup) * (SecondDeviation / 100));

Script RoundIT {
input RoundToInteger = no;
input value = close;
input round = 5;
    def yy1 = value % Round;
    def me = if RoundToInteger then
             if yy1 > round / 2 then value + (Round - yy1) else Value - yy1 else value;
    plot out = me;
}

def ME_sup = RoundIT(RoundToInteger, pME_sup, round);
def ME_inf = RoundIT(RoundToInteger, pME_inf, round);
def RangoUp1 = RoundIT(RoundToInteger, pRangoUp1, round);
def RangoDn1 = RoundIT(RoundToInteger, pRangoDn1, round);
def RangoUp2 = RoundIT(RoundToInteger, pRangoUp2, round);
def RangoDn2 = RoundIT(RoundToInteger, pRangoDn2, round);

plot line_inf = if left then ME_inf else
                if right then ME_inf[extendRight] else na;
plot line_sup = if right then ME_sup[extendRight] else
                if left then ME_sup else na;

plot line_inf1 = if right then RangoDn1[extendRight] else
                 if left then RangoDn1 else na;
plot line_sup1 = if right then RangoUp1[extendRight] else
                 if left then RangoUp1 else na;

plot line_inf2 = if right then RangoDn2[extendRight] else
                 if left then RangoDn2 else na;
plot line_sup2 = if right then RangoUp2[extendRight] else
                 if left then RangoUp2 else na;

plot line_previousClose = if right then previousClose[extendRight] else
                          if left then previousClose else na;

line_inf1.SetStyle(Curve.SHORT_DASH);
line_sup1.SetStyle(Curve.SHORT_DASH);
line_inf2.SetStyle(Curve.MEDIUM_DASH);
line_sup2.SetStyle(Curve.MEDIUM_DASH);
line_inf.SetDefaultColor(Color.MAGENTA);
line_sup.SetDefaultColor(Color.MAGENTA);
line_inf1.SetDefaultColor(Color.YELLOW);
line_sup1.SetDefaultColor(Color.YELLOW);
line_inf2.SetDefaultColor(Color.CYAN);
line_sup2.SetDefaultColor(Color.CYAN);
line_inf.EnableApproximation();
line_sup.EnableApproximation();
line_inf1.EnableApproximation();
line_sup1.EnableApproximation();
line_inf2.EnableApproximation();
line_sup2.EnableApproximation();
line_previousClose.EnableApproximation();

#-- Labels
def meRound = Round(ME, 2);
def supRound = Round(ME_sup, 2);
def infRound = Round(ME_inf, 2);
def vixRound = Round(vixClose, 2);
def cloRound = Round(previousClose, 2);

AddLabel(showTabel, "Period:(" + period + ")", Color.WHITE);
AddLabel(showTabel, "EM:(±" + meRound + ")", Color.YELLOW);
AddLabel(showTabel, "Expected Movement Up:($" + supRound + ")", Color.GREEN);
AddLabel(showTabel, "Expected Movement DOWN:($" + infRound + ")", Color.RED);
AddLabel(showTabel, "VIX:($" + vixRound + ")", Color.WHITE);
AddLabel(showTabel, "Previous Close:($" + cloRound + ")", Color.WHITE);

AddChartBubble(showLabel and left, line_inf, Round(line_inf, 2), Color.MAGENTA, no);
AddChartBubble(showLabel and left, line_sup, Round(line_sup, 2), Color.MAGENTA);
AddChartBubble(showLabel and left, line_inf1, Round(line_inf1, 2), Color.YELLOW, no);
AddChartBubble(showLabel and left, line_sup1, Round(line_sup1, 2), Color.YELLOW);
AddChartBubble(showLabel and left, line_inf2, Round(line_inf2, 2), Color.CYAN, no);
AddChartBubble(showLabel and left, line_sup2, Round(line_sup2, 2), Color.CYAN);
AddChartBubble(showLabel and left, line_previousClose, Round(line_previousClose, 2), Color.GRAY);

#-- END Of CODE
Click to expand...
Is there a way to manually select the VIX ? I am looking to see if I can use this on non US exchanges....
 
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