OPEN-SOURCE SCRIPT
ARDI Williams Vix Fix
This indicator is a reconstructed, faster, and visually distinct version of the popular Williams Vix Fix indicator (originally created by Chris Moody and later expanded by theehoganator).
What does this indicator do?
By measuring market volatility, this indicator identifies periods of extreme fear (panic selling) and extreme greed (euphoric buying) to help locate potential market reversal points.
🚀 Key Features & Upgrades in the ARDI Version
1. Faster Execution & Code Optimization
2. New Interface & Full Support for "Fear & Greed" Phases
3. New ARDI Filter
4. Clean & Organized Settings Menu
5. Rewritten Alert System
💡 Important Note on Settings
The default settings have been specifically optimized for this version. However, if you adjust the input values to match the reference indicator settings, you will receive the exact classic signals.
Disclaimer: Past performance is not indicative of future results. Always practice proper risk management.
What does this indicator do?
By measuring market volatility, this indicator identifies periods of extreme fear (panic selling) and extreme greed (euphoric buying) to help locate potential market reversal points.
🚀 Key Features & Upgrades in the ARDI Version
1. Faster Execution & Code Optimization
- Fully rewritten based on Pine Script v6. All legacy, commented-out, and experimental code has been cleaned up to ensure smoother and more efficient script performance on your chart.
2. New Interface & Full Support for "Fear & Greed" Phases
- The indicator's visuals have been completely redesigned to simultaneously display both tops (greed) and bottoms (fear) with clear visual signals.
- Candle overlays on the main chart have been removed to keep your price chart clean for price action analysis.
3. New ARDI Filter
- Market noise, weak candles, and erratic signals are filtered out, significantly reducing false entries during sideways (ranging) markets.
4. Clean & Organized Settings Menu
- Parameters are logically grouped and organized to make adjusting settings straightforward.
5. Rewritten Alert System
- Alert logic has been completely rewritten and optimized for fast signal triggering, making it ideal for webhooks, trading bots, or mobile notifications.
💡 Important Note on Settings
The default settings have been specifically optimized for this version. However, if you adjust the input values to match the reference indicator settings, you will receive the exact classic signals.
Disclaimer: Past performance is not indicative of future results. Always practice proper risk management.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.