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VIX Z-Score (Inverted)
📘 Indicator: VIX Z-Score (Inverted) + Table
🔍 Overview
This indicator calculates the Z-Score of the VIX (Volatility Index) and inverts it to identify potential buying opportunities during periods of fear and caution during periods of extreme optimism. The Z-Score is smoothed and visually displayed alongside a dynamic info table.
⚙️ How It Works
VIX Data: The VIX (ticker: CBOE:VIX) is pulled in real time.
Z-Score Calculation:
𝑍
=
(
𝑉
𝐼
𝑋
−
mean
)
standard deviation
Z=
standard deviation
(VIX−mean)
Over a customizable lookback period (default: 50).
Inversion:
Since high VIX usually means fear (often a contrarian buying signal), we invert the Z-Score:
𝑍
inv
=
−
𝑍
Z
inv
=−Z
Smoothing:
An EMA is applied to reduce noise and false signals.
Clamping:
The Z-Score is linearly scaled and capped between +2 and -2 for easy visualization in the info table.
📊 Z-Score Table (Top-Right)
Range Interpretation Table Color
+1.5 to +2 Extreme fear → Buy zone 🟩 Green
+0.5 to +1.5 Moderate fear 🟨 Lime
–0.5 to +0.5 Neutral ⬜ Gray
–0.5 to –1.5 Growing complacency 🟧 Orange
–1.5 to –2 Extreme optimism → Caution 🟥 Red
The current Z-Score (clamped version) is shown in real time on the right-hand info panel.
🧠 How to Use It
+2 Zone (Table: Green):
Market fear is at an extreme. Historically, such conditions are contrarian bullish—possible entry zones.
–2 Zone (Table: Red):
Indicates extreme optimism and low fear. Often a signal to be cautious or take profits.
Middle range (±0.5):
Market is neutral. Avoid major decisions based solely on sentiment here.
🧪 Best Practices
Combine with price action, volume, or trend filters.
Works well on daily or 4H timeframes.
Not a standalone signal—best used to confirm or fade sentiment extremes.
🔍 Overview
This indicator calculates the Z-Score of the VIX (Volatility Index) and inverts it to identify potential buying opportunities during periods of fear and caution during periods of extreme optimism. The Z-Score is smoothed and visually displayed alongside a dynamic info table.
⚙️ How It Works
VIX Data: The VIX (ticker: CBOE:VIX) is pulled in real time.
Z-Score Calculation:
𝑍
=
(
𝑉
𝐼
𝑋
−
mean
)
standard deviation
Z=
standard deviation
(VIX−mean)
Over a customizable lookback period (default: 50).
Inversion:
Since high VIX usually means fear (often a contrarian buying signal), we invert the Z-Score:
𝑍
inv
=
−
𝑍
Z
inv
=−Z
Smoothing:
An EMA is applied to reduce noise and false signals.
Clamping:
The Z-Score is linearly scaled and capped between +2 and -2 for easy visualization in the info table.
📊 Z-Score Table (Top-Right)
Range Interpretation Table Color
+1.5 to +2 Extreme fear → Buy zone 🟩 Green
+0.5 to +1.5 Moderate fear 🟨 Lime
–0.5 to +0.5 Neutral ⬜ Gray
–0.5 to –1.5 Growing complacency 🟧 Orange
–1.5 to –2 Extreme optimism → Caution 🟥 Red
The current Z-Score (clamped version) is shown in real time on the right-hand info panel.
🧠 How to Use It
+2 Zone (Table: Green):
Market fear is at an extreme. Historically, such conditions are contrarian bullish—possible entry zones.
–2 Zone (Table: Red):
Indicates extreme optimism and low fear. Often a signal to be cautious or take profits.
Middle range (±0.5):
Market is neutral. Avoid major decisions based solely on sentiment here.
🧪 Best Practices
Combine with price action, volume, or trend filters.
Works well on daily or 4H timeframes.
Not a standalone signal—best used to confirm or fade sentiment extremes.
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オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。