OPEN-SOURCE SCRIPT

VIX: Backwardation Vs Contango

Actualizado
VIX: Backwardation Vs Contango

Quickly visualize Contango vs Backwardation in the S&P 500 Volatility Index by plotting the prices of the futures contracts over the next 9 months

Note: indicator does not map to time axis in the same way as price; it simply plots the progression of contract months out into the future; left to right; so timeframe DOESN'T MATTER for this plot
TO UPDATE(every few months recommended): in REQUEST CONTRACTS section, delete old contracts (top) and add new ones (bottom). Then in PLOTTING section, Delete old [expired] contract labels (bottom); add new [distant future] contract labels (top); adjust the X in 'bar_index-(X+_historical)' numbers accordingly

This is one of several similar indicators: Meats | Metals | Grains | VIX

Tips:
-Right click and reset chart if you can't see the plot; or if you have trouble with the scaling.
-Right click and pin to Scale A to plot on the same scale as price

--Added historical input: input days back in time; to see the historical shape of the Futures curve via selecting 'days back' snapshot
updated 15th June 2022
© twingall
Notas de prensa
-now works on VIX as well as VX
-updated contracts 30th Jan 2023
Notas de prensa
-added function to detect if contract is expired: Now will stop showing contracts once they expire, unless using the backtesting 'snapshot' mode
backwardationCommoditiescontangoFundamental AnalysisfuturesfuturesmarketS&P 500 (SPX500)VIX CBOE Volatility Indexvolatilityindex

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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