MOVE vs VIX - 1-Year Range PositionMOVE vs VIX - 1-Year Range Position compares how elevated Treasury-bond and equity volatility are within their own recent daily closing-value ranges.
MOVE and VIX have different scales, so subtracting their raw index levels does not make a useful like-for-like comparison. This indicator first expresses each index on the same 0-100 range-position scale, then subtracts VIX's position from MOVE's.
CALCULATION
For each index:
Range position = 100 x (latest daily close - lowest daily close in the
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