Thinkscript Indicator
Budget: $30 – $250 USD
1. The indicator would plot two SPX price lines (eliminating the previous two) at the open of each trading day.
2. The formulas to determine these two price levels are shown below.
3. The input data needed to calculate the two lines are 1) The open of the SPX and 2) the open of VIX.
Lower Price Line = [SPXopen]-((([VIXopen]/15.87)/100)*VIXopen)/2
Upper Price Line = [SPXopen]+((([VIXopen]/15.87)/100)*VIXopen)/2
The indicator would need to collect the daily opens of SPX and VIX. I can have a VIX chart open in ToS if that is needed to get the open.
Thank you very much for your attention.
2. The formulas to determine these two price levels are shown below.
3. The input data needed to calculate the two lines are 1) The open of the SPX and 2) the open of VIX.
Lower Price Line = [SPXopen]-((([VIXopen]/15.87)/100)*VIXopen)/2
Upper Price Line = [SPXopen]+((([VIXopen]/15.87)/100)*VIXopen)/2
The indicator would need to collect the daily opens of SPX and VIX. I can have a VIX chart open in ToS if that is needed to get the open.
Thank you very much for your attention.