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Vol-Sensitivity Ratio: dVIX% / dSPX%

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Vol-Sensitivity Ratio: dVIX% / dSPX%

Hey guys — I built a custom TradingView indicator to track how reactive the VIX is to SPX moves.
It’s basically a quick visual on market fear vs. complacency, and how volatility responds in real time.

How It Works

Calculates the ratio of VIX % change ÷ SPX % change

Shows color-coded zones for market behavior:
🔴 SPX & VIX rising → Bearish divergence
🟠 Weak VIX response → Complacency
🟩 Normal inverse → Healthy market
🟣 Extreme ratio → Volatility stress

How to Use

Add the script to your TradingView chart

Choose mode → Since Session Open (intraday) or From Prior Close (swing)

Watch the ratio line, color bands, and mini dashboard (shows dVIX%, dSPX%, and ratio)

It also supports alerts for when the market enters stress, divergence, or complacency zones.

Why I Made It
Hek often talks about VIX, VVIX, and volatility dynamics during trading.
That got me thinking about how to actually quantify the relationship instead of just “watching” it.

thanks to chatgpt I was able to turn into a visual

Now I’ll be forward-testing it in live markets and on a few prop accounts to see how useful it is in real-time conditions.
Feel free to try it out, tweak it, and share feedback or observations. Would love to see how it performs for others too.
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这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。