  
  Free Indicator

VIX Reversal Scalper for TradingView

VIX Reversal Scalper is a free TradingView indicator that plots bull and bear reversal signals when the VIX Volatility Index changes direction. Built for scalping US stocks with high volatility, it also works for swing trades with higher signal length settings. Includes inverse ETF support and adjustable sensitivity. US stocks only.

Built by Lane Dotson · Last updated April 22, 2022 · View on TradingView →

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WHAT IT DOES

Core Features

VIX-based reversal signals for US stocks with adjustable sensitivity for both scalping and swing trading, a configurable VIX source and built-in inverse ETF detection.

VIX Trend Reversal Signals

When the VIX Volatility Index trend changes direction, the indicator plots a bull or bear signal on your chart. The VIX typically moves inversely to the stock market. When volatility drops, stocks tend to rally, and vice versa. Follow these signals when price is near support/resistance or fibonacci levels for the highest probability entries.

Adjustable Signal Sensitivity

The signal length controls how many signals you get and how early they appear. Lower values (10–100) give more frequent signals with earlier entries, best for scalping. Higher values (100–500) give fewer signals with later but more confirmed entries, better for swing trades. You can go even higher for long swing trades.

Configurable VIX Source & MA Type

You can change the symbol used for signals, allowing you to use a different stock that leads ahead of what you’re trading, a VIX from a different exchange, or a different country’s VIX. The moving average type used for signal generation is also configurable. The default was changed to RMA 10 as it provides more reliable signals than the original HMA 20.

Inverse ETF Support

Over 50 inverse ETFs are built into the code so the indicator automatically flips the signal direction on inverse charts. If you find an inverse ETF that shows backward signals, it can be added.

INTERPRETATION GUIDE

How to Trade With the VIX Scalper

Signal Types

Scalping vs. Swing Trading

For scalping, set the signal length to 10–100 for more frequent, earlier entries. For swing trading, set it to 100–500 for fewer, more confirmed entries. Always confirm signals with support/resistance, Fibonacci levels or other indicators. Don’t rely solely on this indicator for entries and exits.

CONFIGURATION

Settings Overview

The indicator has a focused set of options.

Main Settings

Setting	Default	Description
Signal Length	10	Controls signal frequency and timing. Lower = more signals, earlier entries (scalping). Higher = fewer signals, later entries (swing trading). 10–100 for scalping, 100–500 for swings.
MA Type	RMA	The type of moving average used for signal generation. Default changed to RMA from HMA for more reliable signals.
Signal Symbol	VIX	The volatility index symbol used for signals. Can be changed to a different exchange's VIX, another country's VIX, or a leading stock.

GOOD TO KNOW

Important Notes & Limitations

⚠ US stocks only. This indicator uses real-time VIX data which measures US stock market volatility. It should only be used on US stocks. It works somewhat for crypto but will not give signals when the US stock market is closed.

⚠ Repainting can occur. Since the indicator is built for early entries, repainting happens infrequently but is possible. Preventing repainting would delay signals and reduce their usefulness for scalping.

⚠ The indicator may not give exit signals every time it should. Watch price action for entries and exits. Do not rely solely on this indicator.

⚠ Only gives a few signals during after-hours trading since VIX data is limited outside regular market hours.

FREE ON TRADINGVIEW

VIX Reversal Scalper is Free to Use

Add it to your TradingView charts and start catching VIX-based reversals on US stocks today. No subscription required.

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COMMON QUESTIONS

Frequently Asked Questions

This indicator is designed for US stocks only. It uses VIX data which measures US stock market volatility. It works somewhat on crypto, but will not generate signals when the US stock market is closed. It is not suitable for forex.

Repainting can occur but is infrequent. The indicator is built for early entries, and preventing repainting would delay signals. Always watch price action for confirmation and do not rely solely on the signals.

Use 10–100 for scalping (more frequent, earlier signals) and 100–500 for swing trading (fewer, more confirmed signals). You can go higher than 500 for long-term swing trades.

Over 50 inverse ETFs are already built into the code to automatically flip signal direction. If yours is missing, leave a comment on the TradingView publication and the ticker will be added in an update.

The indicator uses real-time VIX data which is primarily active during US market hours. During after-hours and pre-market, VIX data is limited, so fewer signals are generated.

CHANGELOG

Release Notes

    April 22, 2022
  

Custom VIX Source, MA Type & Default Change

Added the ability to change the VIX symbol used for signals, changed the default moving average to RMA 10 for more reliable signals, and added configurable MA type selection.

What Changed

• Added ability to change the symbol used for signals (different VIX, different exchange, leading stock)

• Changed default from HMA 20 to RMA 10 for more reliable signals

• Added ability to change the type of moving average used for signal generation

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