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Daily/Weekly/Monthly Levels as per INDVIX By Biswaranjan_M
Description: This indicator dynamically draws Daily, Weekly, and Monthly range levels based on the INDIAVIX volatility index. It helps traders visualize potential price zones derived from market volatility and trend behavior.
Note: The indicator dynamically pulls the INDIAVIX value for the previous day and the previous day close of Index (Nifty 50/Bank Nifty/Sensex etc.), then calculates the daily/weekly/monthly ranges as per the user input and draws the levels on the chart as support and resistance.
Key Features:
1. INDIAVIX-Based Range Levels
Calculates projected range levels using the current or past INDIAVIX value, combined with the closing price of the stock or index.
2. Timeframe Flexibility
Choose to display Daily, Weekly, or Monthly levels — each derived from either:
- Today’s close and INDIAVIX, or
- Previous Week/Month close with the corresponding historical INDIAVIX value.
3. Historical Context Mode
Toggle historical mode to project how past levels would have looked using actual INDIAVIX values at the time.
Additional Tools:
* Day Open Line – Marks the opening price of the current trading day.
* Option to add 4 EMAs/SMAs – Moving average for trend following.
* VWAP – Volume-Weighted Average Price for intraday bias and mean reversion analysis.
* Open Range - This option plots the Open Range Box based on the first N minutes of the trading session (e.g., 15, 30, or 60 minutes) and automatically extends the range zone across the entire intraday session up to 3:30 PM.
It is designed for intraday traders, particularly those trading NSE stocks, F&O scripts, and index futures, but works globally on any market with regular intraday sessions.
This all-in-one tool gives you a volatility-informed structure for understanding intraday and positional market dynamics. Designed for any equity/index where INDIAVIX relevance applies.
Release Notes:
In this release, added an option to include a mid level between support and resistance levels.
This mid level option can be enabled or disables from indicators Input tab
Release Notes:
Just rounding down the IndiaVix number.
Release Notes:
Removed the Zero-Lag EMAs and added 4 Moving options to the indicator.
Release Notes:
Added ORB Range to this indicator
Release Notes:
Increased the support and resistance levels from maximum 5 to 10. No other changes to the indicator.
Note: The indicator dynamically pulls the INDIAVIX value for the previous day and the previous day close of Index (Nifty 50/Bank Nifty/Sensex etc.), then calculates the daily/weekly/monthly ranges as per the user input and draws the levels on the chart as support and resistance.
Key Features:
1. INDIAVIX-Based Range Levels
Calculates projected range levels using the current or past INDIAVIX value, combined with the closing price of the stock or index.
2. Timeframe Flexibility
Choose to display Daily, Weekly, or Monthly levels — each derived from either:
- Today’s close and INDIAVIX, or
- Previous Week/Month close with the corresponding historical INDIAVIX value.
3. Historical Context Mode
Toggle historical mode to project how past levels would have looked using actual INDIAVIX values at the time.
Additional Tools:
* Day Open Line – Marks the opening price of the current trading day.
* Option to add 4 EMAs/SMAs – Moving average for trend following.
* VWAP – Volume-Weighted Average Price for intraday bias and mean reversion analysis.
* Open Range - This option plots the Open Range Box based on the first N minutes of the trading session (e.g., 15, 30, or 60 minutes) and automatically extends the range zone across the entire intraday session up to 3:30 PM.
It is designed for intraday traders, particularly those trading NSE stocks, F&O scripts, and index futures, but works globally on any market with regular intraday sessions.
This all-in-one tool gives you a volatility-informed structure for understanding intraday and positional market dynamics. Designed for any equity/index where INDIAVIX relevance applies.
Release Notes:
In this release, added an option to include a mid level between support and resistance levels.
This mid level option can be enabled or disables from indicators Input tab
Release Notes:
Just rounding down the IndiaVix number.
Release Notes:
Removed the Zero-Lag EMAs and added 4 Moving options to the indicator.
Release Notes:
Added ORB Range to this indicator
Release Notes:
Increased the support and resistance levels from maximum 5 to 10. No other changes to the indicator.
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。