VIX CANDLES

2024년 12월 30일

The VIX CANDLES indicator is designed to visualize the Williams VIX Fix, a volatility measure that mimics the VIX index but applies to different financial instruments.
This indicator calculates a custom "VIX-like" value based on the highest close over a specified look-back period and plots the result as candlesticks. It also includes an Exponential Moving Average (EMA) to help identify trends and potential buy/sell signals.

Williams VIX Fix Calculation: Measures volatility by comparing the current low to the highest close over the given period, then expressing the result as a percentage.

Custom Candles: The VIX Fix is displayed as a set of candlesticks where the body is colored based on whether the close is higher (green) or lower (red) than the open.

Exponential Moving Average (EMA): An EMA is applied to the VIX Fix value to smooth the data and identify trend changes. The EMA's length is customizable.

Trade Direction Labels: Labels are plotted when the VIX Fix crosses above or below the EMA, signaling potential buy (▽) or sell (△) opportunities.

Customization: Colors for the candlesticks and EMA, as well as the look-back period and EMA length, can be adjusted to suit your preferences.


This indicator is useful for traders looking to track volatility and identify potential trend shifts in the market. By combining the Williams VIX Fix with an EMA, it provides a more dynamic view of market conditions, helping traders spot extreme volatility and adjust their strategies accordingly.

2024년 12월 30일

릴리즈 노트

The VIX CANDLES indicator is designed to visualize the Williams VIX Fix, a volatility measure that mimics the VIX index but applies to different financial instruments.
This indicator calculates a custom "VIX-like" value based on the highest close over a specified look-back period and plots the result as candlesticks. It also includes an Exponential Moving Average (EMA) to help identify trends and potential buy/sell signals.

Williams VIX Fix Calculation: Measures volatility by comparing the current low to the highest close over the given period, then expressing the result as a percentage.

Custom Candles: The VIX Fix is displayed as a set of candlesticks where the body is colored based on whether the close is higher (green) or lower (red) than the open.

Exponential Moving Average (EMA): An EMA is applied to the VIX Fix value to smooth the data and identify trend changes. The EMA's length is customizable.

Trade Direction Labels: Labels are plotted when the VIX Fix crosses above or below the EMA, signaling potential buy (▽) or sell (△) opportunities.

Customization: Colors for the candlesticks and EMA, as well as the look-back period and EMA length, can be adjusted to suit your preferences.


This indicator is useful for traders looking to track volatility and identify potential trend shifts in the market. By combining the Williams VIX Fix with an EMA, it provides a more dynamic view of market conditions, helping traders spot extreme volatility and adjust their strategies accordingly.