# CM_Williams_Vix_Fix Finds Market Bottoms

Dilihat 198887 kali
198887
Larry Williams Developed This Incredible Indicator. It Gives The Same Readings The VIX does for Stock Index’s…But This Indicator Works on All Asset Classes.

I Customized The Settings Slightly To Create “Percentile” Based Highlight Bars…So You May Need To Adjust Slightly For Your Asset Class. These Are The Standard Settings Shown Here. Designed For Daily Charts…But Works GREAT On Intra-Day Charts!!!

https://dl.dropboxusercontent.com/u/7718...
```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)```
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Balas
This is excellent! Is there anyway to alert on the first grey bar after a set of greens?
Balas
@xSHADx, I've watched the video and it still doesn't work. The interface has changed since you built this indicator. Trying to set alerts by was true and now false cross over .99 doesn't work. Any help would be appreciated.
Balas
this is great. i am interested . how do i get
Balas
founu
@founu, Just add the script. 1) you can copy the script into your chart or 2) beside where the full script is posted above, it says add to favourites. Multiple ways and very easy
Balas
i updated your code with RSI to give both top and bottom... u want it ..to review and improve ?
Balas
ankitchauhan809
@ankitchauhan809, Can I try out your new indicator ?
Balas
ankitchauhan809
@ankitchauhan809, I really want it
Balas