ChrisMoody

CM_Williams_Vix_Fix Finds Market Bottoms

Larry Williams Developed This Incredible Indicator. It Gives The Same Readings The VIX does for Stock Index’s…But This Indicator Works on All Asset Classes.

I Customized The Settings Slightly To Create “Percentile” Based Highlight Bars…So You May Need To Adjust Slightly For Your Asset Class. These Are The Standard Settings Shown Here. Designed For Daily Charts…But Works GREAT On Intra-Day Charts!!!

Download the PDF and Read To Learn Larry’s Thought Process.

Link To PDF:
https://dl.dropboxusercontent.com/u/7718...
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede marcarlo como favorito para usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?
study("CM_Williams_Vix_Fix", overlay=false)
pd = input(22, title="LookBack Period Standard Deviation High")
bbl = input(20, title="Bolinger Band Length")
mult = input(2.0    , minval=1, maxval=5, title="Bollinger Band Standard Devaition Up")
lb = input(50  , title="Look Back Period Percentile High")
ph = input(.85, title="Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99%")
pl = input(1.01, title="Lowest Percentile - 1.10=90%, 1.05=95%, 1.01=99%")
hp = input(false, title="Show High Range - Based on Percentile and LookBack Period?")
sd = input(false, title="Show Standard Deviation Line?")

wvf = ((highest(close, pd)-low)/(highest(close, pd)))*100

sDev = mult * stdev(wvf, bbl)
midLine = sma(wvf, bbl)
lowerBand = midLine - sDev
upperBand = midLine + sDev

rangeHigh = (highest(wvf, lb)) * ph
rangeLow = (lowest(wvf, lb)) * pl


col = wvf >= upperBand or wvf >= rangeHigh ? lime : gray


plot(hp and rangeHigh ? rangeHigh : na, title="Range High Percentile", style=line, linewidth=4, color=orange)
plot(hp and rangeLow ? rangeLow : na, title="Range High Percentile", style=line, linewidth=4, color=orange)
plot(wvf, title="Williams Vix Fix", style=histogram, linewidth = 4, color=col)
plot(sd and upperBand ? upperBand : na, title="Upper Band", style=line, linewidth = 3, color=aqua)

Comentarios

Hi Chris, I have found this indicator very helpful, thanks! I am wondering if it would be possible to get a rewrite of the indicator so that it shows tops instead of bottoms? Thanks for all your work and help on this site.
100 monedas
+77 Responder
Thanks, very helpful.
100 monedas
+12 Responder
@ChrisMoody
Hello ChrisMoody Need your help ;i see lot of likes for this post ;something good in there; i find difficult to recognize the strategy for entry and exit ; Need your support how to make entry and exit using this strategy please explain.This will be of nice support .....
+320 Responder
MarxBabu MarxBabu
Common guys explain this how it works and how to use this.
+108 Responder
juzharley1 MarxBabu
@MarxBabu, is it not obvious? It marks the lows.
+15 Responder
MarxBabu juzharley1
@juzharley1, it is obvious there is price burst after the green signals.
+16 Responder
Pmoney MarxBabu
@MarxBabu, Look for support and Resistance also use the RSi to see if a asset is OB/OS.
+17 Responder
@MarxBabu, no one will reply to you. Because no one has understood it. Hahaha
Responder
@MarxBabu, honestly no proper entry .he need to work more v2
Responder
Hi Chris! I converted this to a strategy but the results are just too good to be true. Is this another script that only works because it 'knows' the future? Please respond!
+96 Responder