Slingshot Example

From Igster...note the channel/creeper mode where the slingshot tends to play in.

Sample VIX implied range indicator

EL Code:

inputs: VIX(47);

value1=squareroot(252);

value2=(VIX/100)/value1;

value3=closed(1)*(value2*1.0);

value4=highd(0)-lowd(0);

value10=closed(1)*(value2*1.0);

value11=closed(1)*(value2*0.7);

value12=closed(1)*(value2*1.3);

{note, below uses west coast times (ie, 634 am is 934am EST}

if time > 634 then 

Plot1(value4,"+Range");

if time > 634 then 

Plot2(value10,"1.0");

if time > 634 then 

Plot3(value11,"0.7");

if time > 634 then 

Plot4(value12,"1.3");

ES Range vs. Vix Implied Range

Using VIX to Estimate (Ballpark) Next Days S&P range

fyi, actual range has exceeded VIX derived range expectation since 1/1/08 ~60% of time.

Single Prints

Single Prints - Recent Examples in ES (PDF file)

Recent Stats of When Highs and Lows Made (Since Market Low thru end of Jan)