VolatilityFlex Levels
The VolatilityFlex Levels indicator computes the degree of change (or sigma) by leveraging the selected Volatility Index (such as VIX or any user-specified volatility index). It utilizes this information to graphically represent distinct levels for a designated financial instrument. These levels include -sigma, -3/4sigma, -1/2sigma, -1/4sigma, 1/4sigma, 1/2sigma, 3/4sigma, and sigma.
Notas de Lançamento:
The VolatilityFlex Levels indicator computes the degree of change (or sigma) by leveraging the selected Volatility Index (such as VIX or any user-specified volatility index). It utilizes this information to graphically represent distinct levels for a designated financial instrument. These levels include -sigma, -3/4sigma, -1/2sigma, -1/4sigma, 1/4sigma, 1/2sigma, 3/4sigma, and sigma.
Notas de Lançamento:
The following bugs are fixed:
1) The extra unnecessary lookback parameter is removed.
2) The correct data for previous day close is used.
3) The correct data for previous VIX close is used.
Also,
1) Colors can be modified.
1) The extra unnecessary lookback parameter is removed.
2) The correct data for previous day close is used.
3) The correct data for previous VIX close is used.
Also,
1) Colors can be modified.
Notas de Lançamento:
Now it plots from -3sigma to 3sigma with the steps of 1/4
The TV limitation is 50 plots so we can only plot 50 lines for now. Will provide an update to circumvent this limitation.
The TV limitation is 50 plots so we can only plot 50 lines for now. Will provide an update to circumvent this limitation.
Notas de Lançamento:
plot the -3sigma to 3sigma by step of 1/4 for all previous days.