Williams’ VIX Fix Indicator for ThinkorSwim

[Art]

It was posted somewhere earlier in the forum, here is the script. Note: I made some changes

#Dilbert_VixFix
# V1.0  - 052816 - Dilbert - 1st code cut
# VixFix is a pretty close approximation to the standard VIX or implied volatility.  It can be used on intraday chart aggregations, and on symbols that do not have options.  When VixFIX spikes high it provides some pretty good buy signals.
input OverSold = .1;  # .1 good for SPY 1 day 1 minute chart
input OverBought = .01;  # .01 good for SPY 1 day 1 minute chart
input LengthVF = 22;
input LengthMA = 20;
input percentilelength = 252;
declare lower;
def C = close;
def L = low;
def VixFix = (Highest (C, LengthVF) - L) / (Highest (C, LengthVF)) * 100;
def agg= getaggregationPeriod();
#VixFix.AssignValueColor(Color.GREEN);
#plot OS = OverSold;
#OS.AssignValueColor(Color.CYAN);
#plot OB = OverBought;
#OB.AssignValueColor(Color.CYAN);
plot baseline = 20;


plot range = round((vixfix/highest(vixfix,percentilelength)) * 100,0);

input high_VF = 80;
input low_VF = 20;

AddLabel(yes, "Volatility: "+ aspercent(range/100), if range> range from 1 bars ago then Color.GREEN else Color.RED);

 

[CashMoney]

Hey @BenTen i put this code in TOS, but nothing seems to come up.

 

[BenTen]

@APOT7 You're going to need to provide more info. Was there an error? Post a screenshot of your chart.

 

[CashMoney]

I plan on releasing this sometime next week, but @diazlaz was kind enough to port the first version to ThinkorSwim yesterday so I thought it would be fair to share this now, so there is no delay on the development of this indicator.



I recommend watching this video before using the indicator: http://vimeopro.com/user32804960/tradingview-indicators/video/115973132

thinkScript Code

# VIX_FIX v3 Major Update
# Based on Larry Williams' Vix Fix
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/pJpXG5JH-CM-Williams-Vix-Fix-V3-Ultimate-Filtered-Alerts/
# Video intro: https://vimeopro.com/user32804960/tradingview-indicators/video/115973132

# Discussion: https://usethinkscript.com/threads/williams%E2%80%99-vix-fix-indicator-for-thinkorswim.145/post-5467

input pd = 22;
input bbl = 20;
input mult = 2.0;
input lb = 50;
input ph = 0.85;
input pl = 1.01;

# Downtrend Criterias
input ltLB = 40;
input mtLB = 14;
input str = 3;

# Williams Vix Fix Formula
def wvf = ((highest(close, pd) - low) / (highest(close, pd))) * 100;
def sDev = mult * stdev(wvf, bbl);
def midLine = SimpleMovingAvg(wvf, bbl);
def lowerBand = midLine - sDev;
def upperBand = midLine + sDev;
def rangeHigh = (highest(wvf, lb)) * ph;

#  Filtered Bar Criteria
def upRange = low > low[1] and close > high[1];
def upRange_Aggr = close > close[1] and close > open[1];
#  Filtered Criteria
def filtered = ((wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and(wvf<upperBand and wvf<rangeHigh));
def filtered_Aggr = (wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]);

# Alerts Criteria
def alert1 = wvf >= upperBand or wvf >= rangeHigh;
def alert2 = (wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and (wvf < upperBand and wvf < rangeHigh);
def alert3 = upRange and close > close[str] and (close < close[ltLB] or close < close[mtLB]) and filtered;
def alert4 = upRange_Aggr and close > close[str] and (close < close[ltLB] or close < close[mtLB]) and filtered_Aggr;

AssignPriceColor(if alert4 then color.magenta else if alert3 then color.orange else if ((wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and (wvf < upperBand and wvf < rangeHigh)) then color.cyan else if (wvf >= upperBand or wvf >= rangeHigh) then color.lime else color.white);

I was able to see all the colors besides, orange.

 

[FOTM_8888]

hi ben, i was able to see all the colors besides the orange.. do i missing something in the script? also in the video he's talking about the VSTOP indicator to manage trades, do you have the VSTOP indicator for TOS? thanks and keep the great job you are doing in the forum.

 

[cherif]

@BenTen @diazlaz sorry guys. Could you please direct me to which is the final version coded that indicate tops and bottoms??
I got a bit lost between the codes and comments. Thx

 

[BenTen]

@cherif There are variations of the William VixFix posted on the first page. There is no final version. You would have to try them out and see which one works best for you.

@FOTM_8888 @APOT7 I'm not sure. I tried my best with the code already.

 

[FOTM_8888]

@cherif There are variations of the William VixFix posted on the first page. There is no final version. You would have to try them out and see which one works best for you.

@FOTM_8888 @APOT7 I'm not sure. I tried my best with the code already.

thank you ben, i know you did it an excellent job with the indicator.

 

[cherif]

@cherif There are variations of the William VixFix posted on the first page. There is no final version. You would have to try them out and see which one works best for you.

@FOTM_8888 @APOT7 I'm not sure. I tried my best with the code already.

thank you.

 

[Shooters_Gotta_Shoot]

Any way to convert this to finding the tops? I used the script from @diazlaz and does not seem to work as well as spotting the bottoms.

 

[BenTen]

@Shooters_Gotta_Shoot Whatever we have in this thread is all we got.

 

[Shooters_Gotta_Shoot]

@BenTen actually found this in the 'similar threads' below and works extremely well for both tops and bottoms. Check it out: https://usethinkscript.com/threads/combo-williams-vix-fix-indicator-for-thinkorswim.2247/

 

[farresa]

For anyone interested here is a link to the article written by larry williams on his vix fix. Its about 7 pages. It is also in pdf format for those who wish to download it.

 

[alsniper]

@BenTen What is the condition to enter long? Will someone advise the logic of entering long or short?

 

[ext99k]

@BenTen I tried to create a scan, and chose from the drop downs Plot: (I choose each one) and set to Is True, but the scan is not working - would appreciate it if you can please help so we can scan when the VixFix bar turns yellow - thanks!

 

[MerryDay]

@ext99k If you provide a screenshot of your scan, it will be easier for someone to troubleshoot the problem

 

[novadolla]

Th

I plan on releasing this sometime next week, but @diazlaz was kind enough to port the first version to ThinkorSwim yesterday so I thought it would be fair to share this now, so there is no delay on the development of this indicator.



I recommend watching this video before using the indicator: http://vimeopro.com/user32804960/tradingview-indicators/video/115973132

thinkScript Code

# VIX_FIX v3 Major Update
# Based on Larry Williams' Vix Fix
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/pJpXG5JH-CM-Williams-Vix-Fix-V3-Ultimate-Filtered-Alerts/
# Video intro: https://vimeopro.com/user32804960/tradingview-indicators/video/115973132

# Discussion: https://usethinkscript.com/threads/williams%E2%80%99-vix-fix-indicator-for-thinkorswim.145/post-5467

input pd = 22;
input bbl = 20;
input mult = 2.0;
input lb = 50;
input ph = 0.85;
input pl = 1.01;

# Downtrend Criterias
input ltLB = 40;
input mtLB = 14;
input str = 3;

# Williams Vix Fix Formula
def wvf = ((highest(close, pd) - low) / (highest(close, pd))) * 100;
def sDev = mult * stdev(wvf, bbl);
def midLine = SimpleMovingAvg(wvf, bbl);
def lowerBand = midLine - sDev;
def upperBand = midLine + sDev;
def rangeHigh = (highest(wvf, lb)) * ph;

#  Filtered Bar Criteria
def upRange = low > low[1] and close > high[1];
def upRange_Aggr = close > close[1] and close > open[1];
#  Filtered Criteria
def filtered = ((wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and(wvf<upperBand and wvf<rangeHigh));
def filtered_Aggr = (wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]);

# Alerts Criteria
def alert1 = wvf >= upperBand or wvf >= rangeHigh;
def alert2 = (wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and (wvf < upperBand and wvf < rangeHigh);
def alert3 = upRange and close > close[str] and (close < close[ltLB] or close < close[mtLB]) and filtered;
def alert4 = upRange_Aggr and close > close[str] and (close < close[ltLB] or close < close[mtLB]) and filtered_Aggr;

AssignPriceColor(if alert4 then color.magenta else if alert3 then color.orange else if ((wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and (wvf < upperBand and wvf < rangeHigh)) then color.cyan else if (wvf >= upperBand or wvf >= rangeHigh) then color.lime else color.white);

This is a gold mine

 

[novadolla]

@novadolla thanks a lot, I would appreciate it!

# VIX_FIX v3 Major Update
# Based on Larry Williams' Vix Fix
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/pJpXG5JH-CM-Williams-Vix-Fix-V3-Ultimate-Filtered-Alerts/
# Video intro: https://vimeopro.com/user32804960/tradingview-indicators/video/115973132

# Discussion: https://usethinkscript.com/threads/williams’-vix-fix-indicator-for-thinkorswim.145/post-5467

input pd = 22;
input bbl = 20;
input mult = 2.0;
input lb = 50;
input ph = 0.85;
input pl = 1.01;

# Downtrend Criterias
input ltLB = 40;
input mtLB = 14;
input str = 3;

# Williams Vix Fix Formula
def wvf = ((highest(close, pd) - low) / (highest(close, pd))) * 100;
def sDev = mult * stdev(wvf, bbl);
def midLine = SimpleMovingAvg(wvf, bbl);
def lowerBand = midLine - sDev;
def upperBand = midLine + sDev;
def rangeHigh = (highest(wvf, lb)) * ph;

# Filtered Bar Criteria
def upRange = low > low[1] and close > high[1];
def upRange_Aggr = close > close[1] and close > open[1];
# Filtered Criteria
def filtered = ((wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and(wvf<upperBand and wvf<rangeHigh));
def filtered_Aggr = (wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]);

# Alerts Criteria
def alert1 = wvf >= upperBand or wvf >= rangeHigh;
def alert2 = (wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and (wvf < upperBand and wvf < rangeHigh);
def alert3 = upRange and close > close[str] and (close < close[ltLB] or close < close[mtLB]) and filtered;
def alert4 = upRange_Aggr and close > close[str] and (close < close[ltLB] or close < close[mtLB]) and filtered_Aggr;



plot signal1 = alert4;
signal1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
signal1.SetDefaultColor(Color.magenta);

plot signal2 = alert3;
signal2.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
signal2.SetDefaultColor(Color.blue);

plot signal3 = ((wvf[1] >= upperBand[1] or wvf[1] >= rangeHigh[1]) and (wvf < upperBand and wvf < rangeHigh));
signal3.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
signal3.SetDefaultColor(Color.cyan);

plot signal4 = (wvf >= upperBand or wvf >= rangeHigh);
signal4.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
signal4.SetDefaultColor(Color.lime);

 

[JE $$]

For Mobius' Version of Vix Fix, can anyone help with this?
I'd like to add at the end of the code a snippet that makes an UP arrow and Ring occur when the WVF crosses from above to below the mean
I tried this but of course it doesnt work - can anyone help? thanks


plot UpSignal = if WVF crosses below mean else Double.NaN;

plot DownSignal = if WVF crosses above mean else Double.NaN;


UpSignal.SetDefaultColor(Color.UPTICK);

UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);

DownSignal.SetDefaultColor(Color.DOWNTICK);

DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

 

[MerryDay]

For Mobius' Version of Vix Fix, can anyone help with this?
I'd like to add at the end of the code a snippet that makes an UP arrow and Ring occur when the WVF crosses from above to below the mean
I tried this but of course it doesnt work - can anyone help? thanks


plot UpSignal = if WVF crosses below mean else Double.NaN;

plot DownSignal = if WVF crosses above mean else Double.NaN;


UpSignal.SetDefaultColor(Color.UPTICK);

UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);

DownSignal.SetDefaultColor(Color.DOWNTICK);

DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

If statements must be in the form of if-then-else. In this particular case the "then" tells the arrow on what part of the candle to plot.

plot UpSignal = if WVF crosses below mean then low else Double.NaN;

plot DownSignal = if WVF crosses above mean then high else Double.NaN;