OPEN-SOURCE SCRIPT
Updated VVIX vs VIX ROC Gamma Regime
Meant to show +/- gamma environment based on VVIX outpacing VIX in a given time period
Release Notes
Update to show potential positive gamma environment (yellow candle) and negative gamma environment (purple candle) based on VVIX ROC vs VIX ROCRelease Notes
Updates to anticipate Sticky and Slippy moves based on rate of change of VVIX compared to VIX in the following 4 scenarios:1. VVIX and VIX increasing and VVIX outpacing VIX
2. VVIX and VIX increasing and VVIX lagging VIX
3. VVIX and VIX decreasing and VVIX outpacing VIX
4. VVIX and VIX decreasing and VVIX lagging VIX
Background Color Meanings:
Green: Sticky market
Orange/Red: Slippy market
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.