Market Volatility Key: CHOP, ATR, VIX & 10Y Bond

2024년 10월 6일

This script builds upon existing market analysis tools by providing a comprehensive dashboard that combines the Choppiness Index (CHOP), Average True Range (ATR) with a user-selectable timeframe, VIX (Volatility Index), and the 10-year US Treasury bond price in a compact tile format. The color-coded key provides quick visual cues for market conditions—highlighting whether the market is trending or consolidating—allowing traders to make informed decisions quickly.

For example, when trading the Nasdaq (NQ), you might use this indicator to help manage your scalping trades. If you trade on a 10-minute chart but set the ATR timeframe to 1 minute, it helps identify whether there is enough price movement to justify entering a trade. If the ATR is less than 10, it suggests there's not enough range for scalping opportunities, and you may choose to stay out of the trade.

This expanded indicator integrates and enhances existing concepts to deliver a well-rounded view of volatility, trend strength, and market conditions all in one glance, making it an essential tool for both trend-following and scalping strategies.

1월 8일

릴리즈 노트

Added BTC and MAG7 prices

1월 16일

릴리즈 노트

Title: Market Volatility Key: CHOP, ATR, VIX, 10Y Bond, BTC, DXY & MAG 7
Description:
This script is a comprehensive market analysis tool designed to help traders monitor key volatility metrics and asset movements in real time. It combines several widely-used indicators and assets into a single, easy-to-read panel.

Key Features:
Choppiness Index (CHOP): Measures market consolidation or trending conditions.
Values below 38.2 indicate strong trends.
Values above 61.8 indicate high consolidation.
Average True Range (ATR): Customizable across multiple timeframes, it measures market volatility.
Volatility Index (VIX): Tracks the CBOE Volatility Index, often referred to as the "fear gauge."
10-Year US Treasury Bond (10Y): Displays the current price of the US 10-year bond.
Bitcoin (BTC): Tracks BTC/USD price and displays directional arrows for price changes:
▲ Uptrend
▼ Downtrend
→ Sideways
Dollar Index (DXY): Tracks the US Dollar Index value along with directional arrows for its movements.
MAG 7 Index: A custom index averaging the prices of seven key stocks:
Microsoft (MSFT)
Apple (AAPL)
Alphabet (GOOGL)
Amazon (AMZN)
Tesla (TSLA)
Meta (META)
NVIDIA (NVDA)
Displays directional arrows (▲, ▼, →) based on index movement.
Visuals:
Data is presented in a color-coded table to simplify interpretation:
CHOP value changes color depending on its range:
Green: Strong trend
Red: High consolidation
Blue: Neutral zone
Directional arrows (▲, ▼, →) are added for BTC, DXY, and MAG 7 to show price direction.
Customization Options:
Users can adjust the timeframe for ATR calculations.
Table positioning is fully adjustable (top, middle, bottom; left, center, right).
Intended Use:
This script provides a high-level overview of multiple market indicators and assets in one place, making it ideal for tracking volatility and asset correlations. It is not a standalone trading signal tool but is intended to complement other technical or fundamental analysis methods.

4월 26일

릴리즈 노트

This updated version of the Market Volatility Key is a compact dashboard tool designed to help traders quickly assess market conditions related to volatility, trend strength, and asset movement.

This indicator consolidates several key metrics into a color-coded table, providing traders with a real-time overview of the market’s volatility landscape. It is intended to complement existing trading strategies, particularly for trend-following and scalping approaches.

Key Features:

Choppiness Index (CHOP): Measures whether the market is trending or consolidating.

Average True Range (ATR): Customizable by timeframe, helping gauge volatility across different periods.

Volatility Index (VIX): Displays real-time VIX readings, often used as a "fear gauge" for market sentiment.

10-Year US Treasury Bond Yield (10Y): Shows current bond yield to monitor macroeconomic conditions.

Bitcoin (BTC/USD): Tracks price along with directional movement.

Dollar Index (DXY): Displays the strength of the US dollar.

MAG 7 Index: A custom average of Microsoft, Apple, Alphabet, Amazon, Tesla, Meta, and NVIDIA prices.

Visual Enhancements (April 2025 Update):

Directional Arrows: BTC, DXY, MAG7, VIX, and 10Y Bond rows now show ▲ (up), ▼ (down), or → (sideways) based on price movement.

Dynamic Value Colors:

Green for rising prices (BTC, DXY, MAG7, 10Y Bond)

Red for falling prices

For VIX, rising volatility is shown in red and falling volatility in green to better reflect market sentiment.

Customization Options:

Adjustable ATR timeframe

Adjustable table position (top, middle, or bottom right)

Selectable font size (small, medium, large)

Intended Use: This script provides a high-level visual summary of multiple market indicators in one place. It is designed to assist traders in recognizing potential changes in volatility and market sentiment without replacing other forms of technical or fundamental analysis.

7월 9일

릴리즈 노트

Added full customization with individual toggle switches for all indicators, plus a new multi-timeframe Supertrend signal. Now you can show/hide any combination of metrics (CHOP, ATR, VIX, Bonds, BTC, DXY, MAG 7) and monitor Supertrend trend direction from any timeframe (e.g., 15-min Supertrend on daily charts). The table dynamically resizes based on your selections, and Supertrend displays clear 🟢 BULL/🔴 BEAR signals with customizable length and multiplier settings.