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");