VIX MTF label

[grapetux]

Hey there. Im attempting to display a label on my main 2min price chart showing whether a 5min vix chart is bullish/bearish via a 20ema/50ema crossover.

I'm running into trouble including 'VIX' into the mtf label. How do I reference VIX for the moving average?

input Period = aggregationPeriod.five_minute;
input AvgType = averageType.exponential;
input Length = 20;
input priceclose = close; ## def vix = close("VIX"); <-- not getting this to work

plot AVG = MovingAverage(AvgType, close(period = Period), Length);

thanks for the help, cheers

 

[SleepyZ]

Hey there. Im attempting to display a label on my main 2min price chart showing whether a 5min vix chart is bullish/bearish via a 20ema/50ema crossover.

I'm running into trouble including 'VIX' into the mtf label. How do I reference VIX for the moving average?

input Period = aggregationPeriod.five_minute;
input AvgType = averageType.exponential;
input Length = 20;
input priceclose = close; ## def vix = close("VIX"); <-- not getting this to work

plot AVG = MovingAverage(AvgType, close(period = Period), Length);

thanks for the help, cheers

The VIX has gaps in data that often do not match the data on your chart you are displaying the label. To fix this the VIX data refers to the prior value of it when there is a gap. See AVG isnan() fix.

Also, since you made priceclose an input, you have to use fundamentaltype price format there. Then in the moving average, the fundamental function format to provide the symbol and period input values.

input symbol  = "VIX";
input Period  = AggregationPeriod.FIVE_MIN;
input AvgType = AverageType.EXPONENTIAL;
input Length  = 20;
input priceclose = FundamentalType.CLOSE; ## def vix = close("VIX"); <-- not getting this to work

def AVG = if IsNaN(MovingAverage(AvgType, Fundamental(priceclose, symbol, period = Period), Length))
          then AVG[1]
          else MovingAverage(AvgType, Fundamental(priceclose, symbol, period = Period), Length);

AddLabel(1, "VIX " + (Period / 60000) + "m " +length +"MA: " + AsText(AVG), Color.WHITE);

 

[grapetux]

The VIX has gaps in data that often do not match the data on your chart you are displaying the label. To fix this the VIX data refers to the prior value of it when there is a gap. See AVG isnan() fix.

Also, since you made priceclose an input, you have to use fundamentaltype price format there. Then in the moving average, the fundamental function format to provide the symbol and period input values.

The VIX has gaps in data that often do not match the data on your chart you are displaying the label. To fix this the VIX data refers to the prior value of it when there is a gap. See AVG isnan() fix.

Also, since you made priceclose an input, you have to use fundamentaltype price format there. Then in the moving average, the fundamental function format to provide the symbol and period input values.

Hey SleepyZ, thanks very much. This was wayy above my abilities. Appreciate learning something new
Does using priceclose vs. using regular close as you pointed out, make any difference in this scenario?
thanks

 

[grapetux]

Hey SleepyZ, thanks very much. This was wayy above my abilities. Appreciate learning something new
Does using priceclose vs. using regular close as you pointed out, make any difference in this scenario?
thanks

also whats the story behind (Period / 60000) ?

 

[SleepyZ]

Hey SleepyZ, thanks very much. This was wayy above my abilities. Appreciate learning something new
Does using priceclose vs. using regular close as you pointed out, make any difference in this scenario?
thanks

It is the use of theninput for close that causes the additional work. If you know that you are going to just use close, then the following works. But if you want to change close to some other price then you have to do it inside the code rather than at the input screen.

 

[SleepyZ]

also whats the story behind (Period / 60000) ?

That defined the part of the label as 5 minutes. That way if you change the period, it will change the label's period without you having only to change the input. Same issue as with close, input vs inside code.

 

[grapetux]

That defined the part of the label as 5 minutes. That way if you change the period, it will change the label's period without you having only to change the input. Same issue as with close, input vs inside code.

Thanks again.. Here's the final code i put together to show sentiment on vix..

input symbol = "VIX";
input Periodv = AggregationPeriod.FIVE_MIN;
input AvgTypev = AverageType.EXPONENTIAL;
input Lengthv = 20;
input Lengthv1 = 50;
input priceclose = FundamentalType.CLOSE;
def vix = close("vix");

def v20 = if IsNaN(MovingAverage(AvgTypev, Fundamental(priceclose, symbol, period = Periodv), Lengthv))
then v20[1]
else MovingAverage(AvgTypev, Fundamental(priceclose, symbol, period = Periodv), Lengthv);

def v50 = if IsNaN(MovingAverage(AvgTypev, Fundamental(priceclose, symbol, period = Periodv), Lengthv))
then v50[1]
else MovingAverage(AvgTypev, Fundamental(priceclose, symbol, period = Periodv), Lengthv1);

addlabel(yes, if v20>v50 then " VIX 5min:Bearish " else if v50>v20 then " VIX 5min:Bullish " else if v20>v50 and vix<v20 or v20<v50 and vix>v20 then " VIXCHOP " else " VIXCHOP " , if v20>v50 then color.light_red else if v50>v20 then color.light_green else if v20>v50 and vix<v20 or v20<v50 and vix>v20 then color.orange else color.orange);


thanks for all your help