VIX MTF Label

[QED]

Need help with label code:

My goal is to put a VIX moving average label on a 2 minute SPY chart.

I use a 20 minute EMA on a 2 minute VIX chart that changes to green when AvgExp > AvgExp[1] and red when it’s not.

To save space on my travel computer, I want to convert the EMA color change info on the VIX chart into a label that I can put on my 2 minute SPY chart. Theoretically, this way I can see if the VIX is rising or falling without looking at an actual VIX chart.

However, I have not been able to get the code to work properly.

Any assistance would be greatly appreciated.

——————

# VIX_Label

declare upper;

def aggregationPeriod = AggregationPeriod.TWO_Min;
input VIX = “VIX”;
input price = close;
input length = 20;
input displace = 0;
input showLabel = yes;

plot AvgExp = ExpAverage(price[-displace], length);
AvgExp.AssignValueColor(if AvgExp > AvgExp[1] then Color.GREEN else Color.RED);
AvgExp.SetHiding(1);

AddLabel(showLabel, “VIX 20ema", if AvgExp > AvgExp[1] then Color.GREEN else Color.RED);

 

[andre.muhammad]

Need help with label code:

My goal is to put a VIX moving average label on a 2 minute SPY chart.

I use a 20 minute EMA on a 2 minute VIX chart that changes to green when AvgExp > AvgExp[1] and red when it’s not.

To save space on my travel computer, I want to convert the EMA color change info on the VIX chart into a label that I can put on my 2 minute SPY chart. Theoretically, this way I can see if the VIX is rising or falling without looking at an actual VIX chart.

However, I have not been able to get the code to work properly.

Any assistance would be greatly appreciated.

——————

# VIX_Label

declare upper;

def aggregationPeriod = AggregationPeriod.TWO_Min;
input VIX = “VIX”;
input price = close;
input length = 20;
input displace = 0;
input showLabel = yes;

plot AvgExp = ExpAverage(price[-displace], length);
AvgExp.AssignValueColor(if AvgExp > AvgExp[1] then Color.GREEN else Color.RED);
AvgExp.SetHiding(1);

AddLabel(showLabel, “VIX 20ema", if AvgExp > AvgExp[1] then Color.GREEN else Color.RED);

declare upper;
input showLabel = yes;
input length = 20;

# Get VIX closing price using secondary aggregation
def vixPrice = close(symbol = "VIX", period = AggregationPeriod.TWO_MIN);

# Calculate the 20-period EMA of VIX
def vixEMA = ExpAverage(vixPrice, length);

# Determine if the EMA is rising or falling
def isRising = vixEMA > vixEMA[1];

# Display label on SPY chart
AddLabel(showLabel, "VIX 20 EMA", if isRising then Color.GREEN else Color.RED);

 

[QED]

declare upper;
input showLabel = yes;
input length = 20;

# Get VIX closing price using secondary aggregation
def vixPrice = close(symbol = "VIX", period = AggregationPeriod.TWO_MIN);

# Calculate the 20-period EMA of VIX
def vixEMA = ExpAverage(vixPrice, length);

# Determine if the EMA is rising or falling
def isRising = vixEMA > vixEMA[1];

# Display label on SPY chart
AddLabel(showLabel, "VIX 20 EMA", if isRising then Color.GREEN else Color.RED);

Merci beaucoup

 

[QED]

Chart Bubble Assistance

@andre.muhammad generously "fixed" my coding errors (https://usethinkscript.com/threads/vix-mtf-label.20616) which I am grateful.

However, when I have attempted to AddChartBubble at the top and bottom of each candle only at crossovers, I either get error codes (invalid statement) or I get a chart bubble on every candle.

Any assistance of adding a chart bubble at candle high or candle low of each crossover to @andre.muhammad's "VIX MTF Label" code would be greatly appreciated.

These bubbles are to appear on a 2 minute SPY candle chart and show when the VIX crosses over its 20-period EMA on a 2 minute chart.

(andre.muhammad original code):

declare upper;
input showLabel = yes;
input length = 20;

# Get VIX closing price using secondary aggregation
def vixPrice = close(symbol = "VIX", period = AggregationPeriod.TWO_MIN);

# Calculate the 20-period EMA of VIX
def vixEMA = ExpAverage(vixPrice, length);

# Determine if the EMA is rising or falling
def isRising = vixEMA > vixEMA[1];

# Display label on SPY chart
AddLabel(showLabel, "VIX 20 EMA", if isRising then Color.GREEN else Color.RED);

 

[halcyonguy]

Chart Bubble Assistance

@andre.muhammad generously "fixed" my coding errors (https://usethinkscript.com/threads/vix-mtf-label.20616) which I am grateful.

However, when I have attempted to AddChartBubble at the top and bottom of each candle only at crossovers, I either get error codes (invalid statement) or I get a chart bubble on every candle.

Any assistance of adding a chart bubble at candle high or candle low of each crossover to @andre.muhammad's "VIX MTF Label" code would be greatly appreciated.

These bubbles are to appear on a 2 minute SPY candle chart and show when the VIX crosses over its 20-period EMA on a 2 minute chart.

(andre.muhammad original code):

declare upper;
input showLabel = yes;
input length = 20;

# Get VIX closing price using secondary aggregation
def vixPrice = close(symbol = "VIX", period = AggregationPeriod.TWO_MIN);

# Calculate the 20-period EMA of VIX
def vixEMA = ExpAverage(vixPrice, length);

# Determine if the EMA is rising or falling
def isRising = vixEMA > vixEMA[1];

# Display label on SPY chart
AddLabel(showLabel, "VIX 20 EMA", if isRising then Color.GREEN else Color.RED);

why is your version is different? there is no plot

you didn't say what crosses what?
next time be specific when stating the rules.
so i guessed, a cross is when the vixema line crosses a candle.

showing vix on a 1 minute chart

#bubble_help2

#https://usethinkscript.com/threads/chart-bubble-assistance.20648/

declare upper;
input showLabel = yes;
input length = 20;

# Get VIX closing price using secondary aggregation
def vixPrice = close(symbol = "VIX", period = AggregationPeriod.TWO_MIN);

# Calculate the 20-period EMA of VIX
def vixEMA = ExpAverage(vixPrice, length);

# Determine if the EMA is rising or falling
def isRising = vixEMA > vixEMA[1];

plot z = vixema;

# Display label on SPY chart
AddLabel(showLabel, "VIX 20 EMA", if isRising then Color.GREEN else Color.RED);

def cross = (high > vixema and low < vixema);

addchartbubble(cross, high, high, color.green, yes);
addchartbubble(cross, low, low, color.red, no);
#

 

[QED]

why is your version is different? there is no plot

you didn't say what crosses what?
next time be specific when stating the rules.
so i guessed, a cross is when the vixema line crosses a candle.

showing vix on a 1 minute chart

#bubble_help2

#https://usethinkscript.com/threads/chart-bubble-assistance.20648/

declare upper;
input showLabel = yes;
input length = 20;

# Get VIX closing price using secondary aggregation
def vixPrice = close(symbol = "VIX", period = AggregationPeriod.TWO_MIN);

# Calculate the 20-period EMA of VIX
def vixEMA = ExpAverage(vixPrice, length);

# Determine if the EMA is rising or falling
def isRising = vixEMA > vixEMA[1];

plot z = vixema;

# Display label on SPY chart
AddLabel(showLabel, "VIX 20 EMA", if isRising then Color.GREEN else Color.RED);

def cross = (high > vixema and low < vixema);

addchartbubble(cross, high, high, color.green, yes);
addchartbubble(cross, low, low, color.red, no);
#

@halcyonguy, thanks. Sorry, more details:

I use a 2 minute chart of VIX to foretell or confirm a short trend change for scalping day trades. It's pretty obvious that SPY falls and rises inverse to the VIX.

When I am not traveling I have multiple screens so I am able to watch more charts. However, when I am traveling, I only have my laptop with limited charts so I mainly day trade SPY. Yes, it is easier just to watch an actual VIX chart, but when traveling I do not have that luxury so I am trying to compensate.

@andre.muhammad helped me by providing the code for a VIX label that indicates whether the 20-period EMA of VIX is rising or falling (short term trend), but now I am trying to add chart bubbles to indicate when a 2-minute VIX candle closes above or below its 20-period EMA. Yes, there are whipsaws, but that is where the label comes in handy because it indicates if it is a whipsaw or a short term trend change in the VIX.

I do not trade off of a VIX indicator, I trade the SPY, but I do like to know when I might be wrong so I can close my position before I get smoked.

I am just looking for chart bubbles that say V-L (at the bottom of a VIX candle that crosses and closes above the 20-period EMA of VIX, and chart bubbles that say V-S (at the top of a VIX candle that crosses and closes below the 20-period EMA of VIX. I can then ignore the ones that the aforementioned VIX label does not confirm.