Williams VIX Fix Bridged - TOS Conversion -
This indicator is a synthetic fear/volatility gauge for any stock or ETF. It combines Larry Williams’ VIX Fix with adaptive Bridge Bands.
What each line means
Cyan line — WVF: Measures how far the current low has fallen from the highest closing price during the previous 22 bars.
Red upper band: An unusually high-volatility boundary.
Green lower band: An unusually low-volatility boundary.
Gray dotted middle line: Halfway between the upper and lower Bridge Bands.
Green/red trend line: Midpoint between the highest and lowest WVF readings over 63 bars.
Colored cloud: Shows the volatility regime determined by WVF’s position relative to its 63-bar trend.
Basic interpretation
WVF position Meaning
Rising WVF Fear and downside volatility are increasing
Falling WVF Fear is declining and price conditions are calming
Above red upper band Potential panic/capitulation and possible market bottom
Below green lower band Extremely calm conditions and possible market top
Above dotted midpoint Higher-volatility half of the range
Below dotted midpoint Lower-volatility half of the range
The dotted midpoint is especially useful because it gives you an earlier regime reference than waiting for WVF to reach an extreme band.
For example:
WVF crosses above the dotted line: volatility is expanding; be more cautious with long positions.
WVF remains above the dotted line and approaches the red band: fear is accelerating.
WVF spikes above the red band and then falls back underneath it: possible exhaustion and reversal setup.
WVF crosses below the dotted line: fear is contracting and conditions may be improving for bullish trades.
What makes the bands adaptive
The indicator calculates a Hurst-style measurement:
Near 0.50: bands behave more like Bollinger Bands.
Farther from 0.50: the Bridge Range receives more weight.
This allows the bands to adapt between choppy/mean-reverting and strongly trending conditions.
The timeframe matters
The inputs measure bars, not necessarily days:
On a daily chart, 22 means approximately 22 trading days.
On a one-hour chart, 22 means 22 hourly candles.
On a five-minute chart, it means 22 five-minute candles.
For your swing-trading strategy, I would primarily read it on the daily chart. Use it as a market-condition filter alongside price structure, expected moves and volume—not as an automatic buy signal.
One warning about this specific code: it names WVF > trend as “bullish” and colors the cloud green. Normally, WVF above trend means elevated fear/risk-off conditions, so the cloud colors may feel backward. The mathematical lines are fine, but I would interpret the cyan WVF and dotted midpoint directly rather than assuming green always means bullish.
What each line means
Cyan line — WVF: Measures how far the current low has fallen from the highest closing price during the previous 22 bars.
Red upper band: An unusually high-volatility boundary.
Green lower band: An unusually low-volatility boundary.
Gray dotted middle line: Halfway between the upper and lower Bridge Bands.
Green/red trend line: Midpoint between the highest and lowest WVF readings over 63 bars.
Colored cloud: Shows the volatility regime determined by WVF’s position relative to its 63-bar trend.
Basic interpretation
WVF position Meaning
Rising WVF Fear and downside volatility are increasing
Falling WVF Fear is declining and price conditions are calming
Above red upper band Potential panic/capitulation and possible market bottom
Below green lower band Extremely calm conditions and possible market top
Above dotted midpoint Higher-volatility half of the range
Below dotted midpoint Lower-volatility half of the range
The dotted midpoint is especially useful because it gives you an earlier regime reference than waiting for WVF to reach an extreme band.
For example:
WVF crosses above the dotted line: volatility is expanding; be more cautious with long positions.
WVF remains above the dotted line and approaches the red band: fear is accelerating.
WVF spikes above the red band and then falls back underneath it: possible exhaustion and reversal setup.
WVF crosses below the dotted line: fear is contracting and conditions may be improving for bullish trades.
What makes the bands adaptive
The indicator calculates a Hurst-style measurement:
Near 0.50: bands behave more like Bollinger Bands.
Farther from 0.50: the Bridge Range receives more weight.
This allows the bands to adapt between choppy/mean-reverting and strongly trending conditions.
The timeframe matters
The inputs measure bars, not necessarily days:
On a daily chart, 22 means approximately 22 trading days.
On a one-hour chart, 22 means 22 hourly candles.
On a five-minute chart, it means 22 five-minute candles.
For your swing-trading strategy, I would primarily read it on the daily chart. Use it as a market-condition filter alongside price structure, expected moves and volume—not as an automatic buy signal.
One warning about this specific code: it names WVF > trend as “bullish” and colors the cloud green. Normally, WVF above trend means elevated fear/risk-off conditions, so the cloud colors may feel backward. The mathematical lines are fine, but I would interpret the cyan WVF and dotted midpoint directly rather than assuming green always means bullish.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。