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CM_Williams_Vix_Fix (v5) + Optional Inverse
CM_Williams_Vix_Fix (v5) + Optional Inverse
This indicator is a modernized Pine v5 rewrite of Larry Williams’ classic Vix Fix, with an optional inverse mode to detect both capitulation lows (buy signals) and euphoric highs (sell signals).
🔎 What It Does
Vix Fix (Buy-side): Mimics the behavior of the VIX by detecting panic/fear spikes when price makes unusually deep lows relative to recent closes.
Inverse Vix Fix (Sell-side): Flips the logic to highlight euphoric/overbought spikes when price makes unusually high prints relative to recent closes.
Works on any timeframe or instrument — originally built for stocks/futures that don’t have their own VIX.
⚙️ Inputs
LookBack Period (pd): Number of bars to check for recent highs/lows.
Bollinger Band Length (bbl): Period for volatility bands.
Std Dev Multiplier (mult): Sensitivity of the bands.
Percentile Lookback (lb, ph, pl): Optional percentile thresholds for extra filters.
Show Range Lines (hp): Toggle percentile-based high/low markers.
Show StdDev Bands (sd): Toggle Bollinger-style envelopes.
Show Inverse (Sell) Version: Plots a red histogram for euphoric tops.
📊 Plots
Green Histogram: Vix Fix (fear/panic spikes).
Red Histogram: Inverse Vix Fix (euphoria spikes, optional).
Orange Lines: Percentile-based thresholds (optional).
Aqua Lines: Bollinger-style volatility bands (optional).
🧭 How to Use
Green Spikes (Buy Vix Fix): Potential market bottoms when fear is high.
Red Spikes (Inverse): Potential market tops when greed/euphoria is high.
Works best when combined with:
Trend filters (e.g. moving averages).
Market structure tools (e.g. support/resistance, FVGs, liquidity levels).
Other volatility/volume confirmations.
⚠️ Note: This is an indicator only (not a strategy). It highlights potential extremes in sentiment/volatility, but does not provide direct buy/sell orders. Always confirm with price action and risk management.
This indicator is a modernized Pine v5 rewrite of Larry Williams’ classic Vix Fix, with an optional inverse mode to detect both capitulation lows (buy signals) and euphoric highs (sell signals).
🔎 What It Does
Vix Fix (Buy-side): Mimics the behavior of the VIX by detecting panic/fear spikes when price makes unusually deep lows relative to recent closes.
Inverse Vix Fix (Sell-side): Flips the logic to highlight euphoric/overbought spikes when price makes unusually high prints relative to recent closes.
Works on any timeframe or instrument — originally built for stocks/futures that don’t have their own VIX.
⚙️ Inputs
LookBack Period (pd): Number of bars to check for recent highs/lows.
Bollinger Band Length (bbl): Period for volatility bands.
Std Dev Multiplier (mult): Sensitivity of the bands.
Percentile Lookback (lb, ph, pl): Optional percentile thresholds for extra filters.
Show Range Lines (hp): Toggle percentile-based high/low markers.
Show StdDev Bands (sd): Toggle Bollinger-style envelopes.
Show Inverse (Sell) Version: Plots a red histogram for euphoric tops.
📊 Plots
Green Histogram: Vix Fix (fear/panic spikes).
Red Histogram: Inverse Vix Fix (euphoria spikes, optional).
Orange Lines: Percentile-based thresholds (optional).
Aqua Lines: Bollinger-style volatility bands (optional).
🧭 How to Use
Green Spikes (Buy Vix Fix): Potential market bottoms when fear is high.
Red Spikes (Inverse): Potential market tops when greed/euphoria is high.
Works best when combined with:
Trend filters (e.g. moving averages).
Market structure tools (e.g. support/resistance, FVGs, liquidity levels).
Other volatility/volume confirmations.
⚠️ Note: This is an indicator only (not a strategy). It highlights potential extremes in sentiment/volatility, but does not provide direct buy/sell orders. Always confirm with price action and risk management.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.