An intraday indicator that calculates probable maximum asset movement using VIX values, projecting daily price range limits and providing visual alerts for potential price extremes.
Explore complementary indicator rolesHow it works
The indicator analyzes VIX values for each minute to estimate the probable maximum price movement of an asset during the trading day. On the first candle of the day, it calculates and plots horizontal lines representing the potential maximum movement range for the entire day.
By tracking minute-by-minute VIX fluctuations, the indicator dynamically adjusts its projection of price limits. It offers customizable features like intraday bands, first candle projections, and additional visual reference lines to help traders understand potential price boundaries.
Why it may be useful
This indicator provides traders with a dynamic view of potential price movement limits, helping them make more informed intraday trading decisions. By visualizing probable price ranges based on volatility, traders can better manage risk and set more strategic entry and exit points.
The ability to customize alert levels and add extra visual reference lines allows traders to create personalized risk management strategies. Understanding potential price boundaries can help traders avoid unnecessary losses and identify optimal trading opportunities within the projected range.
When to explore it
The indicator is most effective for intraday trading strategies, particularly in volatile markets where price movements can be significant and rapid. Traders should use this tool when they want to quickly assess potential price limits and manage their risk exposure within a single trading day.
It is particularly useful for assets with high volatility or during market events that might cause substantial price fluctuations. Scalpers and day traders can benefit most from this indicator, as it provides real-time insights into potential price movement ranges.
Keep exploring
What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
