OPEN-SOURCE SCRIPT
SRJ India VIX Widget
**SRJ India VIX Widget – Volatility Regime & Expected Range Tool**
The SRJ India VIX Widget combines real-time volatility regime tracking with a custom expected range model to support intraday planning and risk management for Indian index traders.
This indicator uses India VIX to estimate potential daily movement and plots volatility-adjusted levels around the previous day’s close. It also includes a live dashboard that tracks volatility shifts and short-term changes throughout the session.
**🔹 What it shows**
* Live VIX value with regime classification
* Change vs previous 15-minute interval and previous day close
* Volatility-based expected range levels
* Extended range bands for potential expansion scenarios
**🔹 How to use**
* Use the range bands as dynamic support and resistance zones
* Rising VIX indicates increasing volatility and possible trend expansion
* Falling VIX suggests compression and range-bound conditions
* Helps define intraday bias, targets, and risk levels
**🔹 Best suited for**
* Index intraday traders
* Volatility-based trading strategies
* Traders seeking objective, data-driven reference levels
**🔹Multi-use behavior**
On NSE indices: Displays both volatility dashboard and expected range levels
On other symbols (stocks, crypto, etc.): Works as a standalone India VIX dashboard for broader market context
**⚠️ Notes**
* Expected range levels are available only on supported NSE indices due to India VIX dependency
* These levels are statistical estimates and should not be treated as fixed support/resistance
**Disclaimer**
This script is an independent implementation combining volatility regime analysis with a custom expected range model.
The concept of volatility-based expected move estimation is widely used in financial markets; this indicator provides a structured adaptation with additional logic, visualization, and intraday context.
The SRJ India VIX Widget combines real-time volatility regime tracking with a custom expected range model to support intraday planning and risk management for Indian index traders.
This indicator uses India VIX to estimate potential daily movement and plots volatility-adjusted levels around the previous day’s close. It also includes a live dashboard that tracks volatility shifts and short-term changes throughout the session.
**🔹 What it shows**
* Live VIX value with regime classification
* Change vs previous 15-minute interval and previous day close
* Volatility-based expected range levels
* Extended range bands for potential expansion scenarios
**🔹 How to use**
* Use the range bands as dynamic support and resistance zones
* Rising VIX indicates increasing volatility and possible trend expansion
* Falling VIX suggests compression and range-bound conditions
* Helps define intraday bias, targets, and risk levels
**🔹 Best suited for**
* Index intraday traders
* Volatility-based trading strategies
* Traders seeking objective, data-driven reference levels
**🔹Multi-use behavior**
On NSE indices: Displays both volatility dashboard and expected range levels
On other symbols (stocks, crypto, etc.): Works as a standalone India VIX dashboard for broader market context
**⚠️ Notes**
* Expected range levels are available only on supported NSE indices due to India VIX dependency
* These levels are statistical estimates and should not be treated as fixed support/resistance
**Disclaimer**
This script is an independent implementation combining volatility regime analysis with a custom expected range model.
The concept of volatility-based expected move estimation is widely used in financial markets; this indicator provides a structured adaptation with additional logic, visualization, and intraday context.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.