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INDIAVIX

Sentient levelThe indicator presented here is made based on the study published on NSE:INDIAVIX . Basically it shows 2 sigma (by default) trading ranges of the next day (by default) of indices e.g. NSE:NIFTY & NSE:BANKNIFTY . Everyday three new lines get plotted automatically on the chart of the instrument (preferably NSE:NIFTY & NSE:BANKNIFTY ) you want to trade. Generally it's expected that the index to be traded within the ranges however in case of major gap-up or gap-down if the index opens above the higher range or below the lower range then it's assumed that the day to remain very volatile. This three lines can be considered as important support/resistance . Default parameters are set in consideration of day trading however user can modify them manually as per their trading style. If you like my work you can donate through Tradingview coin. Thanks
مؤشرات Pine Script™
من ‎arn_sad‎
13
Index Reversal Range with Volatility Index or VIXWhat is the Indicator? • The indicator is a visualization of maximum price in which the respective index can go up to in comparison with it's Volatility Index or VIX. Who to use? • Intraday • Swing • Position • Long term Investors • Futures • Options • Portfolio Managers • Mutual Fund Managers • Index Traders • Volatility based Traders • Long term Investors and Options Traders gets the maximum benefit What timeframe to use? • 1 Year: Position & Investors • 6 Months: Position & Investors • 3 Months: Swing & Position • 1 Month: Swing & Position • 1 Week: Swing • 1 Day: Swing • 1 Hour: Intraday & Swing What are Upper and Lower lines? • Upper Line: If the index price reach closer to the Upper line there is a high chance of reversal to Bearish trend. • Lower Line: If the index price reach closer to the Lower line there is a high chance of reversal to Bullish trend. • This need to be confirmed with multiple levels like Daily, Weekly, Monthly etc. How to use? • If the price reach closer to that level there is a high chance of reversal from the current trend. • To identify the reversal zone of the index. • To identify the trend. • Option Traders can Sell a Call or Put Option from that level. • Long term Investors, Position or Swing traders can plan for a Long entry. • Intraday traders can use lower timeframes to do the same. Indicator Menu • Input VIX: Identify the VIX Symbol of your Index and type it in the box. • For example for NIFTY Index chart type INDIAVIX in the box. • Choose multiple timeframes according to your convenience. How to turn on indicator Name and Value labels? • Right side of the screen > • Right click on the Price scale > • Labels > Indicators and financial name labels, Indicators and financial value labels Further Reading: • Various videos and reading materials are available about this method.
مؤشرات Pine Script™
من ‎Arun_K_Bhaskar‎
7