OPEN-SOURCE SCRIPT
India VIX Expected Move
India VIX Expected Move
OVERVIEW
This tool turns India VIX into a daily expected-range estimate and draws it on the chart, anchored to the day's open. It shows how far price is statistically likely to travel today, with plus/minus 1 and 2 standard-deviation bands.
HOW IT WORKS
- 1-sigma daily move = Price x (VIX / 100) / sqrt(annualisation days). The default 252 trading days converts annualised implied volatility into a one-day figure.
- Bands are anchored to the day's open and stay fixed for the session, or can breathe with live VIX (optional).
- Roughly 68% of days finish inside the 1-sigma band and about 95% inside 2-sigma.
- A bias row reads likely direction from price versus the day's open plus a short trend filter - because VIX gives the size of the move, not its direction.
HOW TO USE
- Apply this on the index chart (for example NIFTY), not on the India VIX chart. The VIX value is pulled in automatically as the volatility input.
- Use the bands as realistic targets and as stretched zones: tagging 2-sigma can mark an over-extended, mean-reversion area.
- Read the bias row to see which band is the more likely target for the day.
NOTES
- Expected move is a probability range, not a guarantee; strong trending or high volatility days can exceed the bands. For research and education only; not financial advice.
OVERVIEW
This tool turns India VIX into a daily expected-range estimate and draws it on the chart, anchored to the day's open. It shows how far price is statistically likely to travel today, with plus/minus 1 and 2 standard-deviation bands.
HOW IT WORKS
- 1-sigma daily move = Price x (VIX / 100) / sqrt(annualisation days). The default 252 trading days converts annualised implied volatility into a one-day figure.
- Bands are anchored to the day's open and stay fixed for the session, or can breathe with live VIX (optional).
- Roughly 68% of days finish inside the 1-sigma band and about 95% inside 2-sigma.
- A bias row reads likely direction from price versus the day's open plus a short trend filter - because VIX gives the size of the move, not its direction.
HOW TO USE
- Apply this on the index chart (for example NIFTY), not on the India VIX chart. The VIX value is pulled in automatically as the volatility input.
- Use the bands as realistic targets and as stretched zones: tagging 2-sigma can mark an over-extended, mean-reversion area.
- Read the bias row to see which band is the more likely target for the day.
NOTES
- Expected move is a probability range, not a guarantee; strong trending or high volatility days can exceed the bands. For research and education only; not financial advice.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.