VVIX:VIX Ratio

[Walshy]

Curious if anyone is aware of a VVIX:VIX ratio indicator on this forum? Something I could then add a standard Bollinger Band to. Thanks in advance.

 

[antwerks]

Curious if anyone is aware of a VVIX:VIX ratio indicator on this forum? Something I could then add a standard Bollinger Band to. Thanks in advance.

# === VIX / VVIX Ratio with Scaling === #

input symbol1 = "VIX";
input symbol2 = "VVIX";
input scaleFactor = 100;      # <— Adjust this to make the plot appear larger or smaller

# Fetch prices
def vix = close(symbol1);
def vvix = close(symbol2);

# Avoid division by zero
def ratio = if vvix != 0 then vix / vvix else Double.NaN;

# Scaled plot for visibility
plot RatioPlot = ratio * scaleFactor;
RatioPlot.SetDefaultColor(Color.CYAN);
RatioPlot.SetLineWeight(2);

# Label shows the TRUE ratio, not the scaled one
AddLabel(yes, "VIX/VVIX: " + AsText(ratio), Color.CYAN);
AddLabel(yes, "Scale x" + scaleFactor, Color.GRAY);

 

[Walshy]

# === VIX / VVIX Ratio with Scaling === #

input symbol1 = "VIX";
input symbol2 = "VVIX";
input scaleFactor = 100;      # <— Adjust this to make the plot appear larger or smaller

# Fetch prices
def vix = close(symbol1);
def vvix = close(symbol2);

# Avoid division by zero
def ratio = if vvix != 0 then vix / vvix else Double.NaN;

# Scaled plot for visibility
plot RatioPlot = ratio * scaleFactor;
RatioPlot.SetDefaultColor(Color.CYAN);
RatioPlot.SetLineWeight(2);

# Label shows the TRUE ratio, not the scaled one
AddLabel(yes, "VIX/VVIX: " + AsText(ratio), Color.CYAN);
AddLabel(yes, "Scale x" + scaleFactor, Color.GRAY);

Thanks much, @antwerks. Given that I want the "VVIX / VIX" ratio, I will change your "def ratio" line so it reads, "def ratio = if vix != 0 then vvix / vix else Double.NaN;"

 

[antwerks]

Thanks much, @antwerks. Given that I want the "VVIX / VIX" ratio, I will change your "def ratio" line so it reads, "def ratio = if vix != 0 then vvix / vix else Double.NaN;"

just adjust the scaler and you will be good as GOLD. Quick Rules You Can Use Tomorrow

Level	Ratio	Action (next 1–10 days)
VVIX/VIX ≥ 9.0	VVIX/VIX	Buy VIX calls or UVXY → expect 50–200% spike
VVIX/VIX ≤ 5.8	VVIX/VIX	Sell VIX premium / buy SPY → calm is coming
VIX > 35 & VIX/VVIX > 0.30	VIX/VVIX	Cover shorts, buy SPY → bounce very likely

Bottom line: Put VVIX/VIX on your main screen and watch 5.8 and 9.0 like a hawk. Only glance at VIX/VVIX when the VIX is already in the 30s–40s and you’re hunting the exact top.

 

[Walshy]

just adjust the scaler and you will be good as GOLD. Quick Rules You Can Use Tomorrow

Level	Ratio	Action (next 1–10 days)
VVIX/VIX ≥ 9.0	VVIX/VIX	Buy VIX calls or UVXY → expect 50–200% spike
VVIX/VIX ≤ 5.8	VVIX/VIX	Sell VIX premium / buy SPY → calm is coming
VIX > 35 & VIX/VVIX > 0.30	VIX/VVIX	Cover shorts, buy SPY → bounce very likely

Bottom line: Put VVIX/VIX on your main screen and watch 5.8 and 9.0 like a hawk. Only glance at VIX/VVIX when the VIX is already in the 30s–40s and you’re hunting the exact top.

Interesting action rules. If you include standard Bollinger Bands on the ratio, when the ratio pokes above or below the BB, it points to a short term reversal coming.

 

[pengster]

How did you add the scale into the script? can you share with me the final script please? thanks

 

[antwerks]

How did you add the scale into the script? can you share with me the final script please? thanks

# === VIX / VVIX Ratio with Scaling === #

input symbol1 = "VIX";
input symbol2 = "VVIX";
input scaleFactor = 100;      # <— Adjust this to make the plot appear larger or smaller

# Fetch prices
def vix = close(symbol1);
def vvix = close(symbol2);

# Avoid division by zero
def ratio = if vvix != 0 then vix / vvix else Double.NaN;

# Scaled plot for visibility
plot RatioPlot = ratio * scaleFactor;
RatioPlot.SetDefaultColor(Color.CYAN);
RatioPlot.SetLineWeight(2);

# Label shows the TRUE ratio, not the scaled one
AddLabel(yes, "VIX/VVIX: " + AsText(ratio), Color.CYAN);
AddLabel(yes, "Scale x" + scaleFactor, Color.GRAY);

 

[antwerks]

How did you add the scale into the script? can you share with me the final script please? thanks

If you trade the SP500 /ES or spx here is a good one too

# VIX3M/VIX Ratio with Major Pivots Only
# antwerks

declare lower;

# --- Ratio Calculation
def U = close("VIX3M");
def D = close("VIX");
def UDL = U / D;

plot ratio = UDL;
ratio.SetDefaultColor(Color.CYAN);
ratio.SetLineWeight(2);

# --- Reference Levels
plot l1 = 0.8;
plot l2 = 0.9;
l1.SetDefaultColor(Color.RED);
l2.SetDefaultColor(Color.GREEN);

# --- Long-Term Pivot Parameters ---
input pivotLength = 50; # use bigger numbers for fewer signals (try 50–100)
def highestPivot = Highest(ratio, pivotLength);
def lowestPivot  = Lowest(ratio, pivotLength);

# --- Show only the current major pivots ---
def isHighest = ratio == highestPivot;
def isLowest  = ratio == lowestPivot;

plot MajorHigh = if isHighest then ratio else Double.NaN;
plot MajorLow  = if isLowest then ratio else Double.NaN;

MajorHigh.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
MajorHigh.SetDefaultColor(Color.RED);
MajorHigh.SetLineWeight(3);

MajorLow.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
MajorLow.SetDefaultColor(Color.GREEN);
MajorLow.SetLineWeight(3);

# --- Labels for quick reading
AddLabel(yes, "Highest Pivot: " + Round(highestPivot, 2), Color.RED);
AddLabel(yes, "Lowest Pivot: " + Round(lowestPivot, 2), Color.GREEN);

https://imgur.com/B9I88Bj