MarketXOR

SPY Expected Move by VIX

This indicator shows 1 and 2 standard deviation price move from the VWAP based on VIX . Implied Volatility (IV) is being used extensively in the Option world to project the Expected Move for the underlying instrument. VIX is used as a proxy for SPY's IV for 30 days.

This indicator is meaningful only for SPY but can be used in any other instrument which has a strong correlation to SPY .
Catatan Rilis: Added AAPL, AMZN, GOOG & IBM to use the corresponding VIX.

Added Ability to disable the bands if the VIX is not available.

Minot UI changes.
Catatan Rilis: Using VIX instead of VIX9D as Tradingview's VIX9D data is delayed
Catatan Rilis: Simple color tone change.
Catatan Rilis: Requested by @Jansuperv to have VXX instead of VIX. Now you can configure that from the input panel.
Catatan Rilis: Added alert on price crossing 3 SD as requested by @acogwell11
Catatan Rilis: Added weekly option for VWAP as requested by @MacPeroni
Skrip open-source

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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