Repaints VIX3M/1M Ratio For ThinkOrSwim

[xanstorm]

The author states: simply calculates and plots the VIX 3 month versus 1 month ratio. Values below 1 indicate a strong panic situation in the market (1 month volatility is higher than the 3 month volatiliy). This might be a good opportunity to sell options.

Here is the original Tradingview code:
https://www.tradingview.com/script/LEHBPgNC-VIX3M-1M-ratio/

For the new ThinkOrSwim code, you must scroll down to the next post

 

[samer800]

Hi, I'd appreciate converting this pine script to ToS script. Url is:
https://www.tradingview.com/script/LEHBPgNC-VIX3M-1M-ratio/
Script is below. Thanks again! Stephen
// © bauhaus28

//@version=4
study("VIX3M/1M ratio")
vix3m = security("CBOE:VIX3M", "D",close)
vix = security("CBOE:VIX", "D",close)
vratio = vix3m/vix
hline(1, title="Zero line", color=color.gray, linestyle=hline.style_solid)
plot(vratio, color = vratio >= 1 ? color.green : color.red, style = plot.style_histogram, histbase = 1, linewidth = 4)
View in Pine Editor・10 lines

check the below:

#// © bauhaus28
#study("VIX3M/1M ratio")
# Converted by Sam4Cok@Samer800     - 02/2025
declare lower;

input timeframe = AggregationPeriod.DAY;

def na = Double.NaN;
def last = isNaN(close);
def GAP = GetAggregationPeriod();
def tf = Max(GAP, timeframe);

def vix3m = close("VIX3M", Period = tf);
def vix = close("VIX",  Period = tf);

def vratio = vix3m / vix - 1;

plot vixRatio = if !last then vratio else na;
plot zero = if !last then 0 else na; # "Zero line"

vixRatio.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
vixRatio.AssignValueColor(if vratio>= 0 then Color.GREEN else Color.RED);
zero.SetDefaultColor(Color.DARK_GRAY);
zero.SetStyle(Curve.SHORT_DASH);
#-- ENd of CODE

 

[xanstorm]

#// © bauhaus28 #study("VIX3M/1M ratio") # Converted by Sam4Cok@Samer800 - 02/2025 declare lower; input timeframe = AggregationPeriod.DAY; def na = Double.NaN; def last = isNaN(close); def GAP = GetAggregationPeriod(); def tf = Max(GAP, timeframe); def vix3m = close("VIX3M", Period = tf); def vix = close("VIX", Period = tf); def vratio = vix3m / vix - 1; plot vixRatio = if !last then vratio else na; plot zero = if !last then 0 else na; # "Zero line" vixRatio.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM); vixRatio.AssignValueColor(if vratio>= 0 then Color.GREEN else Color.RED); zero.SetDefaultColor(Color.DARK_GRAY); zero.SetStyle(Curve.SHORT_DASH); #-- ENd of CODE

Thank you very much. Looks great!