VVIX

VIX Calls % Change Dashboard Overview This indicator provides a real-time visualization of the percentage change from the daily open for a specific chain of VIX Call Options for a particular date (best for viewing 1-2 weeks out expirations). Because PulseWire’s X-axis is strictly time-based, this script uses an on-screen table dashboard to display a "strike-price-centric" view of the market. This tool is particularly useful for volatility traders looking to spot momentum, unusual relative strength in specific strikes, or shifts in the volatility skew throughout the trading day. These can be signs of big players aggressively hedging ahead of some bad macro news before it hits. How it Works Daily Reference: The script fetches the daily open price for each specified strike and compares it to the current price. Color-Coded Visuals: The table cells automatically turn Green when a strike is trading above its open and Red when it is trading below. Format Flexibility: Designed to work with the standard OCC-style ticker format (e.g., VIX260318C60.0). User Settings You can customize the entire dashboard without touching the code: Expiration Date: Enter the date in YYMMDD format. Strike Prices: Manually input up to 8 different strike prices to track. The dashboard will update the ticker strings automatically based on your expiration input. Security Limits: Pine Script limits the number of request.security calls. This script is optimized to track 8 strikes (16 total requests for Open and Close data) to stay well within those limits. Liquidity: If a strike price has not yet traded for the day, the dashboard will display NaN% with a gray background until data becomes available.

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by surfgurujeff

VIX-Price Covariance Monitor The VIX-Price Covariance Monitor is a statistical tool that measures the evolving relationship between a security's price and volatility indices such as the VIX (or VVIX). It can give indication of potential market reversal, as typically, volatility and the VIX increase before markets turn red, This indicator calculates the Pearson correlation coefficient using the formula: ρ(X,Y) = cov(X,Y) / (σₓ × σᵧ) Where: ρ is the correlation coefficient cov(X,Y) is the covariance between price and the volatility index σₓ and σᵧ are the standard deviations of price and the volatility index Enjoy! Features Dual Correlation Periods: Analyze both short-term and long-term correlation trends simultaneously Adaptive Color Coding: Correlation strength is visually represented through color intensity Market Condition Assessment: Automatic interpretation of correlation values into actionable market insights Leading/Lagging Analysis: Optional time-shift analysis to detect predictive relationships Detailed Information Panel: Real-time statistics including current correlation values, historical averages, and trading implications Interpretation Positive Correlation (Red): Typically bearish for price, as rising VIX correlates with falling markets. This is what traders should be looking for. Negative Correlation (Green): Typically bullish for price, as falling VIX correlates with rising markets How to use it Apply the indicator to any chart to see its correlation with the default VIX index Adjust the correlation length to match your trading timeframe (shorter for day trading, longer for swing trading) Enable the secondary correlation period to compare different timeframes simultaneously For advanced analysis, enable the Leading/Lagging feature to detect if VIX changes precede or follow price movements Use the information panel to quickly assess the current market condition and potential trading implications

Indicator

by HenriqueCentieiro

Vix Jump for Selling Puts or Buying Calls This script aims to identify optimal times when to write Puts for premium, for example using the SPX Weeklies model or simply buying Calls. Not perfect but provides some additional confidence when playing Puts on SPX or the Wheel on SPY. What it does: We compare current VIX with a lookback VIX for X% delta. If there is a jump of say 20% over a defined period then that would indicate an opportunity to sell Puts, run a straddle or buy Calls. We use VVIX as a check to stop to many false positives ie VVIX falls of faster than VIX. You can also use this loosely as a bottom finder.

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The dispersion of volatility indices The script is my implementation of "Forecasting a Volatility Tsunami" by Andrew Thrasher (Thrasher Analytics). You can find the paper here: www.researchgate.net I've changed a bit the approach - instead of two volatility indices (VIX & VVIX), I used two more: VXN and VXD. Additionally, I average the percentiles, but there is an option to swtich it to the original approach.

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Correlation overlay The script is intended to indicate when the correlation between VIX and VVIX gets below 0, on the selecteted security chart. It makes sense to plot it on indicies. This aims to present how the chart of a security looked like when the divergance between VIX and VVIX happened.

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