indicator · own pane · open source

Williams VIX Fix

Deepwick · @deepwickv1Updated 2 Oct 2026▲ 0 users

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About

Williams VIX Fix (WVF) — measures how far today's low is from the highest high over the lookback as a percentage. WVF > 30 = potential bottom (analogous to the VIX spiking above 30).

Spike + low reading on RSI = high-probability reversal zone.

Source code

//@version=5
indicator("Williams VIX Fix", overlay=false)
len = input.int(22, "Lookback", minval=5, maxval=100)
hh = ta.highest(high, len)
wvf = 100 * (hh - low) / math.max(hh, 0.0001)
hline(30, "Panic zone", color=color.gray)
p_WVF = plot(wvf, "WVF", color=color.red, linewidth=2)
alertcondition(wvf > 30 and not (wvf[1] > 30), "VIX spike", "Williams VIX Fix above 30")
alertcondition(ta.crossunder(wvf, 30), "Spike over", "VIX spike cleared")

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