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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

William VIX FIX Indicator – Amibroker AFL Code

40 sec read

We know that VIX most of the time reflects the investor/traders sentiment. When VIX is higher it means lot of fear in the market and a lower VIX indicates a lack of fear in the market. The problem is the sentiment can be measured only by Indices like Nifty as the Volatility Index VIX is derived from the implied volatility of Options. In such a case VIX FIX comes handy to replicate the VIX behavior in other instruments like Commodities, Forex, and Stocks. William VIX FIX indicator provides a solution for creating synthetic VIX for any trading asset class.

 
Synthetic VIX or William VIX FIX Formula

WVF = (Higher high value (Close,22) – Low)/(Higher high value (Close,22))*100

The value 22 is chosen denotes 22 trading sessions in a month. And one can use VIX FIX

Amibroker AFL code

_SECTION_BEGIN("William VIX FIX");

WVF = (HHV (Close,22) - Low)/(HHV(Close,22))*100;

Plot(WVF,"William VIX FIX", colorRed);

_SECTION_END();


Know more about William VIXFix indicator here

Nifty Futures with VIX FIX indicator
William VIX FIX Indicator

Reliance Power Futures Shows Overheated Volatility and the VIX started colling off
RPOWER

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 and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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13 Replies to “William VIX FIX Indicator – Amibroker AFL Code”

  1. In market signals,please include wockhardt, and amtek auto, and stridesarcolab, in futures

  2. hi sir,

    it would be nice if u can explain how to use it in trading ?

    not got anything from chart …. watched on yesbank chart …

  3. I have a question and I hope some one can answer it.
    Why government would agree to pay over USD 5 to Reliance and ONGC while the average price of gas is around USD 3 in global mkts?
    I’m sure CAG won’t accept it while government would send files to CAG for final clearance closer to the date of implementation of the revised rates.

  4. Traditionally the crude oil trades @ 10-11 times the price of natural gas in I ternational mkts.
    So soon crude would trade in the range of 35-40.
    At that price or even currently can Reliance command over 10 dollars for refining charges while the crude is trading 30% lover?
    Obviously that demand and price of crude is much lower compared with the last quarter therefore we should anticipate much lower profit from Relaince and ONGC compared with last qtr.

  5. what is code of will.r% indicator for amibroker automatic analysis. i want to show of pre close value of will.r% for time frame 5 minute. ?

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