Comments on: IV Rank

By: OptionBoxer

OptionBoxer — Wed, 29 Mar 2023 12:10:07 +0000

In reply to J-Dawg. Thank you J, Same to you!

By: J-Dawg

J-Dawg — Wed, 29 Mar 2023 11:41:45 +0000

I’m guessing that people who are having errors are trying to use this with Futures – there’s a mod on usethinkscript that addresses this. Thanks and God Bless

By: OptionBoxer

OptionBoxer — Fri, 28 Jan 2022 12:41:59 +0000

In reply to Kaleeda.

Hello, thank you for reaching out. Its difficult to know exactly without seeing. If you would like to send a screenshot of the code to jeff@optionboxer.com im happy to help find the error. Otherwise, be sure nothing other than the code above is entered and that plot=data? Has been deleted prior to placing code. Im 98% sure the code works as listed here because i havent changed it for myself. I will however take a look and reply back if i notice any changes. Hope youre able to uncover the issue.
God bless,
Jeff

By: Kaleeda

Kaleeda — Fri, 28 Jan 2022 01:09:43 +0000

Hi, I’m trying to add the script, but the labels aren’t coming up. It shows “NaN” for IV Rank, and none of the labels are highlighted by yellow boxes. I copied and pasted the code from the comment above exactly. Any thoughts on how to fix it? I also checked to make sure all the boxes were checked and the chart was a daily chart.

By: OptionBoxer

OptionBoxer — Mon, 13 Dec 2021 03:15:49 +0000

In reply to Dave.

Glad it helped.
God bless,
Jeff

By: Dave

Dave — Mon, 13 Dec 2021 02:45:03 +0000

Thank you. I have been looking for this for a long time.

By: AnonTrader

AnonTrader — Sun, 07 Mar 2021 06:05:50 +0000

In reply to AnonymousFriend. Thank you! Yes, this was the solution for me :)

By: OptionBoxer

OptionBoxer — Tue, 23 Jun 2020 05:59:13 +0000

In reply to AnonymousFriend.

Great thought! Hopefully that is the answer.
God Bless,
Jeff

By: AnonymousFriend

AnonymousFriend — Tue, 23 Jun 2020 02:23:23 +0000

Just to help you out, the problem people are having is probably due to not using it on the correct timeframe. The chart has to be set to D for the script to work.

Hope this helps:)

By: OptionBoxer

OptionBoxer — Sun, 14 Jun 2020 06:38:11 +0000

In reply to Gary.

Hi Gary,
EDIT– After writing below I decided to make a quick video. Maybe it will help add the indicator.
https://youtu.be/pGjcm8zLv8U

I’m really not sure what might be causing the issue. Possibly you’ve already tried this but; check to make sure options are set to show study. click beaker icon>Gear icon(next to IVrank)>Show study is checked. Then try;Percentile/LowVol/HighVol tabs>Show plot is checked, show bubble is checked, and show title is checked. Make sure not to include the ——-Start Here——– and ——–End Above this line——– portion. I added that to show where to start and stop.

Below is the exact code I use and I’ve used it to create a fresh copy of the indicator successfully. Hopefully you can Identify the issue.

——-Start Here——–

declare lower;
declare hide_on_intraday;

#IVPercentile
def vol = imp_volatility();
input DisplayIVPercentile = yes;
input DisplayImpVolatility= yes;
input DisplayDaily1StandardDev = yes;
input DisplayWeekly1StandardDev = yes;
input DisplayMonthly1StandardDev = yes;

input TimePeriod = 252;

def data = if !isNaN(vol) then vol else vol[-1];
def hi = highest(data, TimePeriod);
def lo = lowest(data, TimePeriod);
plot Percentile = (data – lo) / (hi – lo) * 100;
def lowend = Percentile < 25; def highend = Percentile > 50;

#Labels
addlabel(DisplayIVPercentile , concat(“IV Rank: “,aspercent(Percentile /100)), if lowend then color.red else if highend then color.green else color.yellow);

addlabel(DisplayImpVolatility, concat(“ImpVolatility: “,aspercent(vol)), if lowend then color.red else if highend then color.green else color.yellow);

def ImpPts = (vol / Sqrt(252)) * close;
AddLabel(DisplayDaily1StandardDev , Concat(“Daily 1 SD +/- $”, Astext( ImpPts, NumberFormat.TWO_DECIMAL_PLACES)), if lowend then color.red else if highend then color.green else color.yellow); ;

def ImpPts2 = (vol / Sqrt(52)) * close;
AddLabel(DisplayWeekly1StandardDev, Concat(“Weekly 1 SD +/- $”, Astext( ImpPts2, NumberFormat.TWO_DECIMAL_PLACES)), if lowend then color.red else if highend then color.green else color.yellow); ;

def ImpPts3 = (vol / Sqrt(12)) * close;
AddLabel(DisplayMonthly1StandardDev, Concat(“Monthly 1 SD +/- $”, Astext( ImpPts3, NumberFormat.TWO_DECIMAL_PLACES)), if lowend then color.red else if highend then color.green else color.yellow); ;

plot LowVol = 25;
plot HighVol = 50;

LowVol.SetDefaultColor(GetColor(5));
HighVol.SetDefaultColor(GetColor(6));

——End Above this line——–