ES-VIX Daily Price BandsES-VIX Daily Price Bands
This indicator plots dynamic intraday price bands for ES futures based on real-time volatility levels measured by the VIX (CBOE Volatility Index). The bands evolve throughout the trading day, providing volatility-adjusted price targets.
Formulas:
Upper Band = Daily Low + (ES Price × VIX ÷ √252 ÷ 100)
Lower Band = Daily High - (ES Price × VIX ÷ √252 ÷ 100)
The calculation uses the square root of 252 (trading days per year) to convert annualized VIX volatility into an expected daily move, then scales it as a percentage adjustment from the current day's extremes.
Features:
Real-time band calculation that updates throughout the trading session
Upper band (green) extends from the current day's low
Lower band (red) contracts from the current day's high
Shaded zone between bands for visual clarity
Information table displaying:
Current ES price and VIX level
Running daily high and low
Current upper and lower band values
Bantlar ve Kanallar
@Complete Squeeze Cycle Detector v2.0 FINALDescription:
The Complete Squeeze Cycle Detector identifies and tracks the full lifecycle of squeeze formations, from pre-squeeze consolidation through active squeeze periods to squeeze completion. The indicator systematically detects the characteristic conditions that precede and accompany squeeze events.
The indicator monitors multiple factors associated with squeeze development including:
• Volatility compression relative to recent volume activity
• Elevated market stress conditions as measured by VIX levels
• Momentum compression through rate of change measurements across multiple time periods
• Alignment of multiple exponential moving averages indicating consolidation
The squeeze cycle is classified into three distinct phases: Pre-Squeeze Setup, Active Squeeze, and Squeeze Complete. Each phase is identified based on threshold levels of multiple compression metrics, with adjustable sensitivity settings to control the strictness of detection.
The indicator provides visual identification of each phase through labels, background coloring, and an optional dashboard, allowing users to distinguish between the preparation phase where volatility contracts, the active squeeze phase where compression reaches critical levels, and the completion phase where the squeeze releases and directional movement resumes.
This systematic approach enables users to identify squeeze formations throughout their complete development cycle rather than focusing only on the breakout phase.
SmartMoneyConcept ProFlow StrategySmartMoneyConcept ProFlow is a complete SMC-based algo built for trending markets and clean volatility phases – especially on crypto pairs like BTC, ETH and perpetual futures.
It combines:
• Smart Money swing structure (BOS / CHoCH)
• Dynamic Support & Resistance levels
• Order Block–style gap detection
• Volatility normalization (ATR / Range / BBWidth)
• SuperTrend trend filter
• ATR & Volume-based exits, TP lock and session control
The goal: fewer random trades, more focused entries when structure + volatility + trend are in sync.
1. Core Idea
Smart Structure Levels (S/R)
– The strategy builds dynamic support/resistance using swing highs/lows.
– Breakouts above resistance or below support, with enough volatility (filter), become primary trade signals.
BOS / CHoCH Engine
– Tracks Break of Structure (BOS) and Change of Character (CHoCH).
– BOS up/down help define the current trend bias.
– CHoCH highlights potential reversals after a confirmed BOS in the opposite direction.
Order Block Gap Logic
– Detects displacement candles with gaps (based on ATR) to approximate OB-style “impulsive moves”.
– Bullish gaps can add confluence for long entries, bearish gaps for shorts.
Volatility-Aware Entries
– Uses normalized volatility (via ATR, Range or BBWidth).
– Filters out breakouts in dead, low-vol environments and focuses on moves with real expansion.
2. Trend & Risk Management Stack
SuperTrend Filter
– Optional “Only With SuperTrend Direction” to restrict entries to the current ST trend.
– ST flips can also force exits if you want to exit as soon as the main trend changes.
ATR-Based Stops & Trails
– ATR distance check to avoid ultra-tight stops that get chopped instantly.
– Three modes:
• StopOnly – classic fixed ATR stop.
• TrailOnly – trailing ATR-style stop.
• StopAndTrail – initial fixed stop that later trails with price.
Volume-Based Exits (Optional)
– Exit on extremely low volume (move losing participation).
– Or on opposite volume spikes (strong counter-pressure against your position).
– Or use Both for a more active volume management.
TP Lock Logic
– When unrealized profit reaches a chosen value, the position is closed and a “lock” can be applied.
– Use this lock to:
• block same-direction re-entries for that side, or
• allow them again depending on your preference.
3. Anti-Churn & Session Control
Anti-Churn Controls
– Minimum bars between entries.
– Cooldown after an ATR exit.
– Limit of max entries per bar.
Session Filter
– Restrict trading to a specific hourly window (e.g. main market session).
– Option to force close positions outside your active session.
– Handy for intraday traders who don’t want overnight or low-liquidity exposure.
4. SmartMoney Preset Modes
Preset Mode:
• EtherFlux – more flexible, for general breakout & volatility trading.
• SmartMoney – SMC-focused preset:
– Adjusted length, volatility filter and ATR settings.
– Option to disable exits from the strategy side (for manual risk control).
Switching presets automatically tunes multiple internal parameters so you don’t have to micromanage every input each time.
5. Visual Layer
This script has a complete visual suite to help you “read the tape”:
– Bar Colors by position and SuperTrend bias.
– Support / Resistance dots and lines (stepline style).
– Order Block markers (bullish / bearish gap labels).
– BOS / CHoCH labels to track structure shifts in real-time.
– Liquidation Zones (visual only)
• Approximate long and short liquidation areas based on assumed leverage.
• Shaded zones on the chart for quick liquidity map.
– Status Labels
• Session status (ACTIVE / OFF / DISABLED).
• Current position (LONG / SHORT / FLAT).
• TP Lock status (longs locked / shorts locked / no lock).
All visuals are designed for dark charts but also work on light themes with minor tweaks.
6. Quick Input Guide
• Levels Period & Volatility Filter – main structure sensitivity and breakout quality.
• Volatility Method – ATR / Range / BBWidth normalization for the vol filter.
• ATR Stop & Management – core risk rules: ATR multiplier, stop/trail mode, min ATR distance.
• SuperTrend Settings – trend bias and ST-flip exits.
• SmartMoney Preset – quick switch between EtherFlux and SmartMoney tuning.
• Volume Exits – low volume / opposite spike / both.
• Session Filter – hour-based trading window + optional forced flat outside session.
• Follow-Signal Mode – flip from long→short or short→long when signal reverses (signal-based rotation).
• TP Lock – secure profits at a fixed amount and optionally block same-direction re-entries.
• Liq Zones – visual only, for liquidity map (no direct trade logic).
How to Use (My Suggestion)
Start on 15m–4H charts for liquid pairs (BTC, ETH, majors).
Choose your preset:
– EtherFlux for more general breakout + vol trading.
– SmartMoney if you want stricter SMC behaviour.
Turn on SuperTrend + ATR stops for cleaner risk management.
Forward-test in replay / paper trading before using real capital.
Use the visual BOS/CHoCH + Liq Zones as context , not as blind signals.
Important
This is a backtest & research tool . It is not financial advice and does not guarantee profits. Always combine it with your own risk management, position sizing, and forward-testing before going live. Trading leveraged products and crypto can result in partial or full loss of capital.
Futures-Spot Round NumbersFutures-Spot Round Numbers
This indicator displays round number levels for Gold Futures on your spot chart, automatically adjusting for the price spread between futures and spot markets.
2 EMA Cloud by LuigiTradez☁️ Dynamic Color EMA Cloud (v6) Indicator Description
This Pine Script v6 indicator creates a visually powerful EMA Cloud that dynamically changes color based on the prevailing short-term trend, making it an excellent tool for trend confirmation, support, and resistance identification.
Key Features
Dynamic Cloud Coloring: The cloud automatically changes its fill color when the Fast EMA crosses the Slow EMA.
Bullish Cloud: Activated when the **Fast EMA is above the Slow EMA** (uptrend).
Bearish Cloud: Activated when the **Fast EMA is below the Slow EMA** (downtrend).
Full Customization: All key parameters are exposed in the indicator settings for easy adjustment.
Trend Background: An optional, very light background color is plotted to reinforce the current trend direction across the entire chart.
🛠️ How to Use the Indicator
The EMA Cloud primarily serves as a visual filter and a dynamic zone of support/resistance.
1. Trend Confirmation: Use the cloud color to confirm the trend direction. A green (bullish) cloud suggests an uptrend is in effect, while a red (bearish) cloud suggests a downtrend.
2. Support and Resistance: The cloud itself acts as a dynamic zone.
* In an uptrend, prices pulling back into the Bullish Cloud often find support there.
* In a downtrend, prices rallying into the Bearish Cloud often find resistance there.
3. Crossover Signal: The moment the cloud color flips (e.g., from red to green), it signals a potential major trend shift as the fast-moving EMA has crossed the slower-moving EMA.
AUBANK Future-Spot % BasisThis indiacator tells Future asset diffrence of aubank future and aubank spot price
Bassi's Pattern Breakout IndicatorBASSI'S PATTERN BREAKOUT INDICATOR
Author: Bassi | Published 2025
One of the cleanest and most accurate classic pattern detectors on TradingView – proudly coded and shared by Bassi.
Detects & confirms breakouts from:
• Double Top / Double Bottom
• Triple Top / Triple Bottom
• Head & Shoulders
• Inverse Head & Shoulders
Key Features:
• 100% non-repainting – signals only appear after candle close
• Smart breakout confirmation using the correct neckline level
• Visual pattern drawing (tops/bottoms + necklines)
• Clear breakout labels with vertical confirmation lines
• Real-time TradingView alerts (one alert per bar close)
• All alerts include "Bassi" prefix so you know it's the original
• Dynamic coloring for Double Bottom (red in lower areas, green in higher areas)
• No messy BUY/SELL labels – clean professional look (as requested by the community)
Why traders love it:
- Extremely reliable on all timeframes (1m to monthly)
- Works perfectly on Forex, Stocks, Crypto, Indices
- No false signals during consolidation
- Perfect for swing trading, scalping and position trading
Settings:
• Pivot Left/Right Bars – adjust sensitivity
• Price Tolerance % – how flat the tops/bottoms must be
• Max Pivot Storage – memory management
• Enable/disable alerts and visual markers
How to use:
1. Add to chart
2. Create alert → select "Bassi's Pattern Breakout Indicator"
3. Choose "Once per bar close"
4. Get notified instantly on every confirmed breakout!
This is the original and only authorized version by Bassi.
If you enjoy this indicator, please leave a like and follow for future updates!
© Bassi 2025 – All rights reserved
#pattern #breakout #doubletop #doublebottom #headandshoulders #tradingview #bassi
Yellow Candle X:@BADPERSON129**Yellow Candle Strategy - Performance Overview**
The Yellow Candle signal demonstrates moderate effectiveness with a success rate ranging from 30% to 60%. This strategy yields profit margins between 3% and 10%, depending on your portfolio management approach and market conditions.
**Key Parameters:**
- **Success Rate:** 30%-60%
- **Profit Target:** 3%-10%
- **Stop Loss:** 3%-8%
**Risk Management Notes:**
- Adjust position sizing according to your risk tolerance
- Stop loss placement is crucial for capital preservation
- The wide success rate range reflects varying market volatility
- Portfolio diversification recommended when implementing this signal
*Note: Performance may vary based on market conditions, timeframe selection, and proper risk management execution. Always backtest and forward test strategies before live implementation.*
Session Markers - JDK AnalysisSession Markers is a tool designed to study how markets behave during specific, recurring time windows. Many traders know that price behaves differently depending on the day of the week, the time of the day, or particular market sessions such as the weekly open, the London session, or the New York open. This indicator makes those recurring windows visible on the chart and then analyzes what price typically does inside them. The result is a clear statistical understanding of how a chosen session behaves, both in direction and in strength.
The script works by allowing the trader to define any time window using a start day and time and an end day and time. Every time this window occurs on the chart, the indicator highlights it with a full-height vertical band. These visual markers reveal patterns that are otherwise difficult to detect manually, such as whether certain sessions tend to trend, reverse, consolidate, or create large imbalances. They also help the trader quickly scan through historical price action to see how the market has behaved under similar conditions.
For every completed session window, the indicator measures how much price changed from the moment the window began to the moment it ended. Instead of using raw price differences, it converts these changes into percentage moves. This makes the measurement consistent across different price ranges and market regimes. A one-percent move always has the same meaning, whether the asset is trading at 100 or 50,000. These percentage moves are collected for a user-selected number of past sessions, creating a dataset of how the market has behaved in the chosen time window.
Based on this dataset, the indicator generates several statistics. It counts how many past sessions closed higher and how many closed lower, producing a directional tendency. It also computes the probability of an upward session by dividing the number of positive sessions by the total. More importantly, it calculates the average percentage movement for all sessions in the lookback period. This average move reflects not just the direction but also the magnitude of price changes. A session with frequent small upward moves but occasional large downward moves will show a negative average movement, even if more sessions ended positive. This creates a more realistic representation of true market behavior.
Using this average movement, the script determines a “Bias” for the session. If the average percentage move is positive, the bias is considered bullish. If it is negative, the bias is bearish. If the values are very close to zero, the bias is neutral. This way, the indicator takes both frequency and impact into account, producing a magnitude-aware assessment instead of one that only counts wins and losses. A sequence such as +5%, –1% results in a bullish bias because the overall impact is strongly positive. On the other hand, a series of small gains followed by a large drop produces a bearish bias even if more sessions ended positive, because the large move dominates the average. This provides a far more truthful picture of what the market tends to do during the chosen window.
All relevant statistics are displayed neatly in a small panel in the top-right corner of the chart. The panel updates in real time as new sessions complete and older ones fall out of the lookback range. It shows how many sessions were analyzed, how many ended up or down, the probability of an upward move, the average percentage change, and the final bias. The background color of the panel instantly reflects that bias, making it easy to interpret at a glance.
To use the tool effectively, the trader simply needs to define a time window of interest. This could be something like the weekly opening window from Sunday to Monday, the London open each day, or even a unique custom window. After selecting how many past sessions to analyze, the indicator takes care of the rest. The vertical session markers reveal the structure visually. The statistics summarize the historical behavior objectively. The magnitude-weighted bias provides a realistic indication of whether the window tends to produce upward or downward movement on average.
Session Markers is helpful because it translates repeated market timing behavior into measurable data. It exposes hidden tendencies that are easy to feel intuitively but hard to quantify manually. By analyzing both direction and magnitude, it prevents misleading interpretations that can arise from looking only at win rates. It helps traders understand whether a session typically produces meaningful moves or just small noise, whether it tends to trend or reverse, and whether its behavior has recently changed. Whether used for bias building, session filtering, or deeper market research, it offers a structured framework for understanding the market through time-based patterns.
Levels S/R Boxes + Gaps + SL/TPWhat It Does:
Automatically identifies and displays:
🟦 Support/Resistance zones (horizontal boxes)
🟨 Price gaps (unfilled gaps from market open/close)
🎯 Stop Loss levels (where to protect trades)
💰 Take Profit levels (where to exit trades)
Purpose: Shows you exactly where price is likely to bounce, reverse, or break through.
Best Practices:
✅ Trade at the boxes - Don't chase price
✅ Use SL/TP lines - Automatic risk management
✅ Wait for confirmation - Candle pattern + S/R level
✅ Gaps get filled - Trade towards yellow boxes
✅ Solid lines = stronger - Prefer 3+ touch levels
❌ Don't ignore SL - Always protect yourself
❌ Don't trade middle - Wait for S/R zones
❌ Don't fight strong levels - Respect solid boxes
Settings (Quick Reference):
S/R Strength: 10 (default) - Lower = more levels, Higher = fewer stronger levels
Max Levels: 5 (default) - Number of S/R boxes to show
Show Gaps: ON - Display yellow gap boxes
Show SL/TP: ON - Display entry/exit suggestions
黃金1KDual Indicator Collaborative Verification
Bollinger Stochastic System: Combines Bollinger Band breakouts with stochastic oscillator overbought/oversold conditions to accurately capture reversal opportunities
Dynamic Trend Channels: ATR-based adaptive channel system that tracks market trend strength and direction in real-time
Dual Signal Confirmation: Two independent systems working together to significantly improve signal reliability
⏰ Intelligent Time Management
Scheduled Closing Mechanism: Automatic position closing at fixed time daily (05:45 exchange time) to lock profits and avoid overnight risks
Exchange Time Zone Adaptation: Full support for GMT+8 time zone, precisely matching Asian trading sessions
Cross-day Logic Processing: Comprehensive trading day switching mechanism ensuring strategy continuity
🛡️ Rigorous Money Management
Fixed Percentage Stop Loss: 0.35% fixed stop loss per trade to strictly control single loss
Optimized Risk-Reward Ratio: 1:3.4 profit-to-loss ratio ensuring long-term positive expected returns
Automatic Position Sizing: 2% account equity-based position calculation for steady compound growth
📊 Advanced Visualization
Dynamic Channel Drawing: Real-time display of trend channel support/resistance and future price predictions
Long/Short Signal Marking: Clear entry markers with price labels for intuitive display
Real-time Alert System: Built-in trading signal notifications ensuring no missed opportunities
Technical Architecture
Indicator Fusion Logic
Trend Confirmation: FTC channels determine primary trend direction
Entry Timing: BBSR system provides precise entry points at channel boundaries
Signal Filtering: Dual conditions ensure entries only on high-quality signals
EMA Divergence Channel (Only Above EMA 200)shows ema divergence above 200 ema. When the 7 ema diverges from 21 and 50 really fast, the channel shows up
rahulp33It is a 15-min high-low for the day; this will help the fellow chartist understand a trend emerging for the day. This indicator, along with others, gives a general sense of the daily trend, but it's not the sole factor to consider.
FusionFlow Pro – Trend & Regime🌀 FusionFlow Pro — Trend & Regime
Introduction
FusionFlow Pro is a visual trend-and-regime map designed for traders who prefer clarity over noise.
It blends multiple concepts—trend direction, volatility, volume behavior, higher-timeframe bias, and a smooth neon-gradient ribbon—into a single, readable structure.
This tool was built over many revisions and experiments, and it’s offered freely for the community. The goal is simple: provide a clean way to understand market context without overwhelming the chart.
About the Indicator
FusionFlow Pro combines several market components into one display:
• Trend Engine
Two adaptive moving averages form the core directional structure. Their separation, strength, and interaction define whether the market is leaning bullish, bearish, or neutral.
• Regime Classifier
The script can interpret either ADX or Choppiness Index to determine whether conditions favor trending behavior or range-bound phases.
• Volume & Momentum Influence
Volume expansion and short-term momentum add additional context, helping highlight when market participation is rising or cooling.
• Higher-Timeframe Bias (HTF)
The option to reference a larger timeframe gives users a broader directional backdrop while still trading on their preferred interval.
• Neon Ribbon Visualization
The slow MA forms the backbone of a multi-gradient, distance-based ribbon.
When price hugs the ribbon, the fill becomes subtle and transparent; as price moves away, the ribbon becomes more visible.
This creates an intuitive sense of distance, pressure, and trend engagement.
• HUD Panel
A compact top-right panel summarizes the current trend state, regime, volume condition, HTF bias, and most recent event.
It acts as a quick reference so the chart stays readable even at fast timeframes.
Color Interpretation
FusionFlow Pro uses color to convey structure at a glance:
Ribbon Line:
• Uptrend: green-cyan tone
• Downtrend: soft red-magenta tone
• Neutral: cool gray-blue
Ribbon Fill:
A neon gradient cycles from lime → aqua → blue → violet → soft red.
The specific color is determined by the slow MA’s position inside a 50-bar normalization window.
Opacity Behavior:
• Near the ribbon: color is more pronounced
• Approaching the candles: the fill fades smoothly
• At the extremes: almost fully transparent
This tapered fade is intentional—it helps the shape remain visible without overwhelming the candles underneath.
HUD Colors:
Each HUD value shifts based on conditions—bullish, bearish, neutral, trending, choppy, strong volume, etc.—making it easy to read with peripheral vision.
Settings & Customization
FusionFlow Pro allows users to customize its behavior without assuming any specific market or style.
Different symbols—indices, crypto, commodities, forex, individual stocks—can have very different volatility and rhythm. Because of that, many traders tweak the MA lengths, ATR multiplier, volume factor, and regime settings depending on the symbol or timeframe they prefer.
Shorter lengths generally create a more reactive environment; longer lengths smooth out noise. ATR buffer and volume requirements can be increased or reduced depending on how tightly or loosely the user wants FusionFlow Pro to respond.
Instead of prescribing “best settings,” FusionFlow Pro stays neutral and flexible.
Experimenting with adjustments is part of the workflow, and finding a comfortable configuration is encouraged.
Disclaimer
This script is published purely for chart visualization and educational use.
It does not provide financial advice, does not guarantee outcomes, and should not be used as a sole basis for trading decisions.
Users remain responsible for their own analysis and risk management.
Multi-TF Flexible Triple MA + Envelope🔷 Main Features
1. Three Moving Averages (MA1, MA2, MA3)
Fully customizable types: SMA, EMA, WMA, VWMA, TEMA
Individual period and price source for each MA
Optional multi-timeframe (MTF) calculation
This allows you to build a flexible trend structure with local, medium-term, and higher-timeframe layers.
2. Envelope Based on MA3
The indicator includes an Envelope channel (upper and lower bands) derived from MA3.
Features:
Adjustable deviation in percentage
Enable/disable the channel
Optional fill between bands
Dotted line style mode
The Envelope helps visualize:
Overbought/oversold zones relative to trend
Volatility expansion and contraction
Dynamic support/resistance bounces
3. MA1–MA2 Crossover Signals
The indicator plots visual markers for crossover events:
🔺 MA1 crossing above MA2 — potential bullish impulse
🔻 MA1 crossing below MA2 — early warning of trend weakness or reversal
These signals can be used for entries, trend filtering, or confirmation of directional movement.
🎯 Why Use This Indicator
This tool combines several analytical approaches:
Dynamic trend levels (MAs)
Volatility structure through the Envelope
Multi-timeframe analysis
Clear visual crossover signals
It works well for:
Trend-following entry zones
Trading from Envelope boundaries
Identifying market expansion/compression
Filtering trend direction across multiple timeframes
Both intraday and swing trading
rahulpatkiIt is a 15-min high-low for the day; this will help the fellow chartist understand a trend emerging for the day. This indicator, along with others, provides a general idea of the daily trend, but it is not the only one to consider.
rahulpatkiIt is a 15-min high-low for the day; this will help the fellow chartist understand a trend emerging for the day. This indicator, along with others, provides a general idea of the daily trend, but it is not the only one to consider.
SPX Realized Volatility & Expected MoveRealized Volatility & Expected Move Dashboard
This indicator provides a sophisticated, multi-horizon view of an asset's historical volatility and projects the corresponding expected move (EM) in price points. Unlike indicators that rely on implied volatility (VIX), this tool uses the asset's own historical price action (Realized Volatility) to forecast future range potential.
Key Features & Calculations
Multi-Horizon Realized Volatility (RV): Calculates the annualized Realized Volatility based on log returns for three critical lookback periods:
30 Days (Long-Term): Measures structural volatility (default lookback).
9 Days (Short-Term): Captures recent market temperament.
1 Day (Immediate): Highly reactive to the previous day's movement.
Daily Timeframe Independence (Critical): The RV calculation is performed exclusively on Daily price data (via request.security), ensuring that the 30-day lookback is always 30 calendar days, regardless of whether you view the indicator on a 1-minute or 4-hour chart.
Expected Move Projection: Projects the calculated RV onto the price using the standard financial formula:
$$\text{EM}_{\text{H}} = \text{Price} \times \frac{\text{RV}_{\text{Annual}}}{100} \times \sqrt{\frac{\text{Horizon Days}}{252}}$$
Visual Bands: Plots the Upper and Lower Expected Move bands centered around the current price for all three horizons, providing clear targets for range expansion or contraction.
Comprehensive Table Output: A dashboard summarizes the key metrics, displaying:
Realized Vol (Annualized %): The raw volatility percentage.
Full Horizon Expected Move: The calculated price point move over the full 30-day, 9-day, or 1-day horizon.
Daily Equivalent Expected Move: The daily expected move derived from that RV, making it the most useful target for intraday trading (e.g., the $\pm 1\sigma$ move for today).
Interpretation & Usage
Identify Regime Changes: Compare the short-term RV (9D) against the long-term RV (30D). If 9D > 30D, volatility is accelerating; if 9D < 30D, volatility is contracting.
Set Intraday Targets: Use the 1 Day EM or the Daily Equivalent EM derived from the 9D/30D bands as dynamic support and resistance levels for the trading session.
Analyze Over-Extension: If the price trades outside the 30 Day EM bands, the move is historically extreme and may signal a sharp reversal or momentum exhaustion.
Multi-Timeframe Opening RangeMulti Time frame range created to find trends and look for blocks of time in which the market is most likely to pivot.
Also assists in finding trends more easily highs and lows.
Take bounces and rejections off the boxes it works well.
VIX Expected Daily Move [SPY/SPX] VIX Expected Daily Move Indicator
This indicator helps traders anticipate the expected daily trading range for the current chart's asset (e.g., SPY, ES, SPX) based on the CBOE Volatility Index (VIX), using the widely recognized "Rule of 16" method.
Key Features:
VIX-Based Range: Calculates the implied daily high and low targets by applying the formula:
$$\text{Expected Move} = \text{Open Price} \times \frac{\text{VIX}}{100} \times \frac{1}{\sqrt{252}}$$
(where $\sqrt{252} \approx 16$)
Anchor Time: The calculation is anchored to a user-defined time (default: market open at 09:30 Exchange Time) for reliable, non-repainting levels.
Persistent Levels: Levels are calculated once per day and plotted as lines and labels that persist and extend throughout the trading session.
Historical Backtesting: Includes an option to display the expected range for historical days, making it excellent for backtesting volatility strategies.
Customization: Easily adjust the VIX symbol, anchor time, and line colors/styles.
How to Use:
Set the VIX Symbol to your preferred volatility source (default: CBOE:VIX).
Set the Anchor Time to the market open or another time when you wish to lock in the day's expected volatility reading.
Use the plotted Expected High (red line) and Expected Low (green line) as potential support and resistance targets for intraday trading decisions.






















