VIX Curve Pro - Real-Time Term Structure with Statistics

This indicator displays the VIX term structure as a spatial curve directly on the chart, allowing you to instantly identify whether the volatility market is in contango or backwardation.
It shows the relationship between different VIX maturities (9D, 30D, 3M, 6M, 1Y) as a single curve.

It also shows some statistics and helps with market detection:

• Historical percentile rankings for key VIX ratios
  
• Real-time min/max/average/median values over lookback period
  
• Current VIX term values with regime indicators
  
• Understand where current conditions sit relative to historical context
  
• Automatic identification of contango vs backwardation states
  
• Visual indicators showing which part of the curve is inverted
  
• Optional information guide explaining market states and trading implications
  

How to Use:
The curve shows the "shape" of volatility expectations across time. An upward-sloping curve (contango) means calm markets where longer-term volatility is priced higher than near-term. A downward-sloping curve (backwardation) shows market stress, where near-term volatility spikes above longer-term expectations.

Use the statistical tables to understand whether current ratios are at historical extremes (high percentile rank) or lows (low percentile rank), helping you gauge whether volatility structures are stretched or compressed.

Perfect for:

• Volatility traders and options strategists
  
• VIX futures and options traders
  
• Understanding market fear and complacency levels
  
• Timing volatility trades based on term structure
  

In the example above, I've added a chart with VIX, VIX9D, VIX3M and $CBOE:VIX6M. It is possible to see that although they are still in backwardation (short term vix is lower than long term), it might be close to flip. This kind of situation deserve extra attention. You can set alerts to when it flips.

This is a simple but useful indicator. Let me know if you have any questions!