Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

CM Williams VIX FIX Pinescript to Amibroker AFL Conversion

1 min read

Thought of converting some of the top-rated pinescript codes to Amibroker AFL code. So started with CM Williams VIX FIX with 51,000+ ratings for this indicator. CM Williams Vix Fix” indicator, which involves calculating a Williams Vix Fix (WVF), a standard deviation, and Bollinger Bands

Nifty CM Williams VIX FIX Charts

Tradingview Pinescript Code

study("CM_Williams_Vix_Fix", overlay=false)
pd = input(22, title="LookBack Period Standard Deviation High")
bbl = input(20, title="Bolinger Band Length")
mult = input(2.0    , minval=1, maxval=5, title="Bollinger Band Standard Devaition Up")
lb = input(50  , title="Look Back Period Percentile High")
ph = input(.85, title="Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99%")
pl = input(1.01, title="Lowest Percentile - 1.10=90%, 1.05=95%, 1.01=99%")
hp = input(false, title="Show High Range - Based on Percentile and LookBack Period?")
sd = input(false, title="Show Standard Deviation Line?")

wvf = ((highest(close, pd)-low)/(highest(close, pd)))*100

sDev = mult * stdev(wvf, bbl)
midLine = sma(wvf, bbl)
lowerBand = midLine - sDev
upperBand = midLine + sDev

rangeHigh = (highest(wvf, lb)) * ph
rangeLow = (lowest(wvf, lb)) * pl


col = wvf >= upperBand or wvf >= rangeHigh ? lime : gray


plot(hp and rangeHigh ? rangeHigh : na, title="Range High Percentile", style=line, linewidth=4, color=orange)
plot(hp and rangeLow ? rangeLow : na, title="Range High Percentile", style=line, linewidth=4, color=orange)
plot(wvf, title="Williams Vix Fix", style=histogram, linewidth = 4, color=col)
plot(sd and upperBand ? upperBand : na, title="Upper Band", style=line, linewidth = 3, color=aqua)

Here is the Converted CM Williams VIX FIX – Amibroker AFL Code

//Coded by Rajandran R (Founder - Marketcalls)
//Website - www.marketcalls.in
//Date : 26th Jan 2024

_SECTION_BEGIN("CM_Williams_Vix_Fix");

// Input Parameters
pd = Param("LookBack Period Standard Deviation High", 22, 1, 100, 1);
bbl = Param("Bolinger Band Length", 20, 1, 100, 1);
mult = Param("Bollinger Band Standard Devaition Up", 2.0, 1, 5, 0.1);
lb = Param("Look Back Period Percentile High", 50, 1, 100, 1);
ph = Param("Highest Percentile", 0.85, 0.01, 0.99, 0.01);
pl = Param("Lowest Percentile", 1.01, 1.01, 1.10, 0.01);
hp = ParamToggle("Show High Range", "No|Yes", 0);
sd = ParamToggle("Show Standard Deviation Line", "No|Yes", 0);

// Williams Vix Fix calculation
wvf = ((HHV(C, pd) - L) / (HHV(C, pd))) * 100;

// Standard Deviation and Bollinger Bands
sDev = mult * StDev(wvf, bbl);
midLine = MA(wvf, bbl);
lowerBand = midLine - sDev;
upperBand = midLine + sDev;

// Range Calculation
rangeHigh = (HHV(wvf, lb)) * ph;
rangeLow = (LLV(wvf, lb)) * pl;

// Color Conditions
col = IIf(wvf >= upperBand OR wvf >= rangeHigh, colorLime, colorGrey40);

// Plotting
if(hp)
{
    Plot(rangeHigh, "Range High Percentile", colorOrange, styleLine | styleThick);
    Plot(rangeLow, "Range Low Percentile", colorOrange, styleLine | styleThick);
}

Plot(wvf, "Williams Vix Fix", col, styleHistogram | styleThick);

if(sd)
{
    Plot(upperBand, "Upper Band", colorAqua, styleLine | styleThick);
}

_SECTION_END();

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

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