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TrendBox

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This indicator is called "TrendBox," designed to help traders analyze daily price ranges using several technical indicators. Below is a breakdown of its functionality, purpose, and key components:

Purpose
The script overlays indicators on a chart to assess whether the price is above or below key levels and moving in a trend.

VIX-based expected range (index fund targeted)
- This helps calculate the expected dealers range based on VIX implications. You can expect to see ranges be bought on and sold on. Moving outside this range creates heightened volatility and most of the time a gamma squeeze follows.

VWAP (Volume Weighted Average Price)
- This allows you to understand the mid point or average pricing of the daily session. If you're paying a premium or getting a discount on the daily session.

Daily Market Open
- Identifying the market open price is a key level on a daily session and allows you to identify some level of intraday trend.

Daily 4-period VWMA
- This is a crucial role of our indicator and showing short term time frame bias. Seeing price move over the top of our daily 4 level establishes a short term trend and can be used as a distribution guide, closing positions when we see longer time frame candles close under it. Vice versa for shorting.


It also displays a status box (optional) summarizing whether the price is above or below these levels, helping traders quickly evaluate market conditions.
リリースノート
This indicator is called "TrendBox," designed to help traders analyze daily price ranges using several technical indicators. Below is a breakdown of its functionality, purpose, and key components:

Purpose
The script overlays indicators on a chart to assess whether the price is above or below key levels and moving in a trend.

VIX-based expected range (index fund targeted)
- This helps calculate the expected dealers range based on VIX implications. You can expect to see ranges be bought on and sold on. Moving outside this range creates heightened volatility and most of the time a gamma squeeze follows.

VWAP (Volume Weighted Average Price)
- This allows you to understand the mid point or average pricing of the daily session. If you're paying a premium or getting a discount on the daily session.

Daily Market Open
- Identifying the market open price is a key level on a daily session and allows you to identify some level of intraday trend.

Daily 4-period VWMA
- This is a crucial role of our indicator and showing short term time frame bias. Seeing price move over the top of our daily 4 level establishes a short term trend and can be used as a distribution guide, closing positions when we see longer time frame candles close under it. Vice versa for shorting.


It also displays a status box (optional) summarizing whether the price is above or below these levels, helping traders quickly evaluate market conditions.

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