The Implied Volatility (IV) Percentile indicator attempts to gauge IV. This is a simple oscillator that returns an IV value from 0 to 100 Percent that's within a selectable lookback period. The user can compare the IV value to either an adjustable axis Value or against a Simple Moving Average.
This is not to be confused with IV Rank which is similar in function but uses a more simplistic calculation.
I have used this indicator as a filter for several mechanical strategies.
Remember...
When the VIX is high, it’s time to buy. When the VIX is low, it’s time to go.
This indicator was compiled using NinjaTrader 8.0.23.1 64-bit
Category NinjaTrader 8 Indicators and More
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