Soho Williams VIX Fix Price Volatility Indicator: A powerful tool for finding price troughs
Soho Williams VIX Fix Price Volatility Indicator - is an advanced version of the well-known VIX Fix volatility indicator.
The original VIX indicator is a ticker symbol calculated by the Chicago Board Options Exchange and is a popular measure of market risk as well as one of the best ways to measure existing price troughs. However, the classic VIX indicator is only applicable to to the S&P 500 stock index.
Renowned trader Larry Williams has refined it into the VIX Fix indicator, which can already be applied to all traded assets. The VIX Fix reflects investor interest in future movements, where highs are associated with price troughs. The impact of investor sentiment is amplified in price troughs, so the VIX and VIX Fix are best suited to identify only troughs.
The Soho Williams VIX Fix Price indicator has a modification of the standard deviation and Stochastics, highlighting the troughs and helping to accurately locate entry into trades.
The Soho Williams VIX Fix Price Volatility Indicator is available in two versions:
- in the form of lines (stochastic modification);
- in the form of a histogram.
Soho Williams VIX Fix Price Volatility Indicator identifies market downturn periods, and the stochastic modification helps to detect entry points. Note that the indicator is best suited for identifying price troughs rather than tops.
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