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 abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.