Trinity VIX Dashboard

אתמול

Trinity VIX Dashboard Indicator – Quick TradingView Guide

**Purpose**
This lightweight indicator displays the current **VIX value** + its short-term trend (based on the last 3 candles) directly on your chart.
It’s especially useful for options traders on 3–10 minute charts who want a fast visual check of volatility mood without switching symbols.

**What it shows**
- **VIX** label
- Current VIX value (with customizable background color)
- Trend direction of the last 3 candles:
- **Up ↑** (red by default)
- **Down ↓** (green by default)
- **Sideways ↔** (gray by default)

**Color logic for the VIX value**
- Below **Low Threshold** → green background (default 18)
- Above **High Threshold** → red background (default 19)
- Between the two thresholds → yellow background (neutral zone)

**How to add and use it**

1. Open TradingView → Pine Editor
2. Paste the full script (the latest version I provided)
3. Click “Add to Chart”

**Customize in Settings (Inputs tab)**

- **Table Position**
Choose where the panel appears: Top Left, Top Right, Top Middle, Bottom Right, Bottom Middle, etc. (Bottom Right is default)

- **Text Size**
Tiny / Small / Normal / Large (Normal is default)

- **VIX Low Threshold** (default 18.0)
Anything below this level gets the “low” color (usually green)

- **VIX High Threshold** (default 19.0)
Anything above this level gets the “high” color (usually red)

- **Background Colors**
- VIX < Low Threshold (green)
- VIX > High Threshold (red)
- Between thresholds (yellow)

- **Trend Colors**
- Up trend
- Down trend
- Sideways

**Practical usage tips for options trading (3–10 min charts)**

- **Low VIX (< your low threshold)** → calm market → expect smaller moves, tighter option premiums, good for selling premium or calls (long calls, credit spreads, iron condors)
- **High VIX (> your high threshold)** → fear / volatility spike → wider ranges, more expensive options, good for buying premium (long puts, debit spreads) or scalping volatility
- **Middle zone** → neutral / uncertain → avoid aggressive directional trades or wait for breakout
- Watch the **trend arrow**:
- Down arrow (green) → volatility contracting → potential mean-reversion or calm continuation
- Up arrow (red) → volatility expanding → possible panic or big move coming

**Best chart setup**
Works best on SPX, SPY, QQQ, or any major index where VIX data is reliable.
Use on lower timeframes (3–15 min) for intraday options decisions.

**Limitations**
- No resizing or dragging (Pine Script limitation) — only move via position input
- Shows only last 3 candles trend (simple but fast)
- Requires TVC:VIX data access on your chart

That’s it — a minimal, focused VIX snapshot you can glance at while trading options. Adjust thresholds to match your strategy (e.g. 15/20, 17/25, 12/30 are popular alternatives).

אתמול

הערות שחרור

Here is the updated Trinity VIX Dashboard with additional features...

**Purpose**
This is a simple, quick-reference dashboard designed for options traders, especially useful on 3–10 minute charts. It displays the current VIX level, its short-term trend, the next key resistance level, and a short sentiment message based on the levels.

**What the dashboard shows** (5 columns with headers)
- **VIX** – fixed label
- **Value** – current VIX price with background color that reflects the sentiment
- **Trending** – direction of the last 3 candles on the VIX (based on the chart timeframe)
- **Resistance** – the next higher key VIX level from the list (18, 20, 22, 25, 28, 30, 32, 36, 40), or "Extreme" if above the highest level
- **Commentary** – short message giving bias/sentiment based on the current VIX level

**Commentary messages** (your current version)
- If VIX < 18 → "Calls favourable <18."
- If VIX is between 18 and 20 → "Watch zone. Caution, consider puts >20."
- If VIX is between 20 and 25 → "Fear rising. Recommend puts only."
- If VIX is 25 or higher → "High fear. More downside likely."

**Background colors** (visual sentiment)
The **Value** column (the VIX number itself) changes background color:
- Bright green when VIX < 18 (low volatility – bullish bias for SPY, calls are favored)
- Bright yellow when VIX is between 18 and 20 (watch zone – neutral/cautious)
- Bright red when VIX is 20 or higher (fear – bearish bias for SPY, puts become more attractive)

The **Commentary** column also gets a light background tint matching the bias:
- Light green when VIX < 18 (bullish)
- Light yellow when 18–20 (neutral)
- Light red when VIX ≥ 20 (bearish)

**Best setup**
Use it on SPY, SPX, QQQ or similar major index charts where VIX data loads reliably.
It works best on 3–10 minute timeframes for intraday options trading.
The dashboard works well on both dark and light chart themes, but if colors look faint on dark backgrounds, go to the Inputs tab and set transparency to 0 on the main colors.

**Customization (Inputs tab)**
- Table Position – choose where the dashboard appears (default is Bottom Right)
- Text Size – Tiny, Small, Normal or Large (default Normal)
- Low VIX Threshold (Green) – default 18.0
- Watch Threshold (Yellow) – default 20.0
- Color pickers – adjust the bright green, yellow and red backgrounds (and commentary backgrounds) if you want even more contrast
- Trend colors – red for Up, green for Down, yellow/gray for Sideways

**Tips**
If the colors seem too faint, open the Inputs tab and set transparency to 0 on the background colors.
If the VIX value doesn’t update, refresh the chart or change timeframes briefly.

אתמול

הערות שחרור

Fixed an error that caused the resistance levels not to change.