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PJ Sutgerlands "Vix" – Need help

jebus89 · 2019-06-07T12:54:55+00:00

Hi, wondering if someone can help me with this indicator. Explained like this: “i take a moving average of the 1 day true range divided by the close and i just average that over 20 days” Not sure i udnerstand what he means, anyone know?

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PJ Sutgerlands "Vix" – Need help

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06/07/2019 at 1:54 PM #100117 quote

jebus89
Participant

Master

Hi, wondering if someone can help me with this indicator. Explained like this:

“i take a moving average of the 1 day true range divided by the close and i just average that over 20 days”

Not sure i udnerstand what he means, anyone know?

06/07/2019 at 3:06 PM #100118 quote
robertogozzi
Moderator

Legend
I think this may be the formula:
```
x = (averagetruerange[1]/close)  //maybe this should also be averaged? by how many periods?
y = average[20](x)
return y
```
If you search VIX you’ll find some topics.

x-2.jpg
06/11/2019 at 11:42 AM #100422 quote

jebus89
Participant

Master

Seems good Roberto, much Thanks.

Ive gotten som very interesting results using this, adding a moving average on the indicator as use it as a filter. Also checking it in other higher timeframes.
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PJ Sutgerlands "Vix" – Need help

ProBuilder: Indicators & Custom Tools

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This topic contains 2 replies,
has 2 voices, and was last updated by jebus89
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Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	06/07/2019
Status:	Active
Attachments:	1 files

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PJ Sutgerlands "Vix" – Need help

Stuck on this ProBuilder code?

PJ Sutgerlands "Vix" – Need help ProBuilder: Indicators & Custom Tools

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PJ Sutgerlands "Vix" – Need help

ProBuilder: Indicators & Custom Tools