Based on the VIX, this indicator shows the expected movement of a stock, ETF or index. This indicator has two standard deviations that you can set for better guidance. You can also adjust it for a result in one day, one week or one month.
Settings
* Period [Day, Week, Month]
* 1st Deviation: Default 68%
* 2nd Deviation: Default 90%
*Round To Integer: If it checked, it will search for the nearest integer (+/-). Optimal for people who do Options.
*Table Position: refers to which corner you want to put the table with information.
@seba34e, you can see what I mean by looking pictures for a following google request: "options ai expected move cone". Using monthly volatility whe can calculate the expected move for each day, therefore we can plot it in a form of a cone for next 30 days if we look at the dayly view chart. But I'm new to TradingView, so don't know if it can be done here.
Coolguygym
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Hi Thanks for making this indicator. I was wondering if it is possible to see previous day levels by going into replay mode or could it be possible to code it to see past days. The reason i ask is bc i want to back test it on some trade setups. It would be easy if i could see past day values instantly without having to manually do it with the vix calculation for each day. Anyways cheers.