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SPX Trendlines with VIX Levels
By- Profit gang
This comprehensive technical analysis tool combines SPX trendline analysis with VIX volatility levels to help identify potential market turning points. The indicator is specifically designed with non-repainting logic to ensure reliability for both backtesting and live trading.
🔧 KEY FEATURES:
Non-Repainting Design: All signals and lines are drawn only on confirmed bars using barstate.isconfirmed
Dynamic Trendlines: Automatically draws support and resistance lines connecting recent pivot points
VIX Integration: Displays current VIX levels with customizable thresholds for market sentiment analysis
Multiple Visual Elements: Includes diagonal trendlines, horizontal level lines, and an information table
Comprehensive Alerts: Configurable alert system for both buy and sell signals
Clean Interface: Organized inputs and customizable colors for all elements
📊 TRADING CONCEPT:
The indicator utilizes the inverse relationship between VIX and SPX:
High VIX at pivot lows may indicate oversold conditions (potential buying opportunities)
Low VIX at pivot highs may signal complacency at market tops (potential caution zones)
🎛️ CUSTOMIZATION OPTIONS:
Toggle trendlines, VIX labels, and level lines independently
Adjust VIX thresholds (default: 25 high, 18 low)
Customize pivot length for sensitivity (default: 15)
Choose line styles (solid, dashed, dotted) and widths
Personalize all colors and alert preferences
📈 VISUAL COMPONENTS:
Red Lines: Resistance levels and trendlines
Green Lines: Support levels and trendlines
Information Table: Real-time VIX status and current levels
Signal Shapes: Triangle markers for confirmed buy/sell signals
Background Highlighting: Optional signal emphasis
⚠️ EDUCATIONAL PURPOSE:
This indicator is designed for educational and informational purposes. Past performance does not guarantee future results. Always conduct your own research and consider risk management before making trading decisions.
🔔 ALERT SYSTEM:
Separate alerts for buy and sell signals
All alerts trigger only on confirmed bars
Customizable alert messages with price and VIX data
Multiple alert condition options for flexible setup
Perfect for traders who want to combine technical analysis with volatility sentiment in a reliable, non-repainting format.
This comprehensive technical analysis tool combines SPX trendline analysis with VIX volatility levels to help identify potential market turning points. The indicator is specifically designed with non-repainting logic to ensure reliability for both backtesting and live trading.
🔧 KEY FEATURES:
Non-Repainting Design: All signals and lines are drawn only on confirmed bars using barstate.isconfirmed
Dynamic Trendlines: Automatically draws support and resistance lines connecting recent pivot points
VIX Integration: Displays current VIX levels with customizable thresholds for market sentiment analysis
Multiple Visual Elements: Includes diagonal trendlines, horizontal level lines, and an information table
Comprehensive Alerts: Configurable alert system for both buy and sell signals
Clean Interface: Organized inputs and customizable colors for all elements
📊 TRADING CONCEPT:
The indicator utilizes the inverse relationship between VIX and SPX:
High VIX at pivot lows may indicate oversold conditions (potential buying opportunities)
Low VIX at pivot highs may signal complacency at market tops (potential caution zones)
🎛️ CUSTOMIZATION OPTIONS:
Toggle trendlines, VIX labels, and level lines independently
Adjust VIX thresholds (default: 25 high, 18 low)
Customize pivot length for sensitivity (default: 15)
Choose line styles (solid, dashed, dotted) and widths
Personalize all colors and alert preferences
📈 VISUAL COMPONENTS:
Red Lines: Resistance levels and trendlines
Green Lines: Support levels and trendlines
Information Table: Real-time VIX status and current levels
Signal Shapes: Triangle markers for confirmed buy/sell signals
Background Highlighting: Optional signal emphasis
⚠️ EDUCATIONAL PURPOSE:
This indicator is designed for educational and informational purposes. Past performance does not guarantee future results. Always conduct your own research and consider risk management before making trading decisions.
🔔 ALERT SYSTEM:
Separate alerts for buy and sell signals
All alerts trigger only on confirmed bars
Customizable alert messages with price and VIX data
Multiple alert condition options for flexible setup
Perfect for traders who want to combine technical analysis with volatility sentiment in a reliable, non-repainting format.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
profitgang
haze
haze
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
profitgang
haze
haze
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.