VIX Levels V1.0

2019年12月12日

This script uses the VIX spike method timwest found, it can be applied to any equity (in the daily timeframe) that fall with VIX spikes.
(see

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What the script essentially does is looking for a VIX spike higher than certain points - and the following retracement to a certain % level. Then it draws the midline between the lowest price during the spike and the price at the retracement as a hidden market level. The thickness of the line is adjusted to the size of the VIX spike.

In the settings you can adjust:
- the length of the line
- if there should be labels to label the characteristic bars for the VIX spike (minimum, confirmation, maximum and retracement)
- if there should be triangles at the chart to show the lowest and highest price during the spike
- if there should be sidelines at the lowest and highest price
- the length of these sidelines

2019年12月19日

版本注释

I upgraded the script:
- If there is no dip in the equity while VIX spikes (and instead the lowest price bar is at the bar of the VIX retracement), the level line now is DASHED - it's maybe not a real VIX retracement level...
- You can now choose between different line colors.
- You can now set a "minimum line size" for better visibility