Modified VIX Fix MT5

The VIX Fix MT5 is a potent trading indicator that accurately detects market bottoms for any asset. Originally introduced by Larry Williams in 2007, it has evolved into a modified version that includes features like standard deviation and stochastic modifications to highlight market bottoms and aid in pinpointing trade entries.

Understanding the VIX Fix MT5

The VIX, or Volatility Index, is a ticker symbol representing the implied volatility of the S&P 500. It is calculated by the Chicago Board Options Exchange and is known for its ability to measure market risk effectively. However, the traditional VIX only applies to the S&P 500. The VIX Fix MT5, on the other hand, can be applied to any asset, making it a versatile tool for traders.

The VIX Fix MT5 reflects investor sentiment regarding future movement. High readings are typically associated with market bottoms. This makes the VIX and VIX Fix MT5 ideal for identifying market bottoms.

Features of Modified VIX Fix MT5

The Modified VIX Fix MT5 comes with several user-friendly features. It includes alerts for identification of a price bottom period in the “Regular” VIX Fix and for stochastic signal line crossing user-selectable upper and lower threshold values in the “Stochastic type” VIX Fix.

However, to use email alerts, users must specify the email recipient and SMTP information in MT4/options beforehand.

VIX Type (Regular or Stochastic)

The indicator offers two types: the regular VIX Fix, which highlights market bottoms using BB, and the stochastic VIX Fix. Users can select between the Default color scheme or “User Define” for customizing indicator colors.

Invert values

Usually, higher VIX Fix values indicate a market bottom. However, some traders might prefer visualizing low VIX Fix values as the market bottom. For them, the VIX Fix MT5 provides an option to invert values. This inversion applies to both Regular and Stochastic VIX types.

Parameters

Users can set the calculation period for standard deviation, Bollinger band length, Bollinger band standard deviations, calculation period for percentile, and high percentile threshold. These parameters can be adjusted to suit individual trading strategies and market conditions.

Independent Testing and Updates

For those interested in seeing the VIX Fix MT5 in action, independent testing of this product is available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.

Share Your Experience

If you’ve been using the VIX Fix MT5, we invite you to share your experience. Your insights could help other traders make informed decisions about integrating this indicator into their trading strategies.

FAQ

Q: What is the VIX Fix MT5?
A: The VIX Fix MT5 is a trading indicator that accurately detects market bottoms for any asset.

Q: Who introduced the VIX Fix?
A: The VIX Fix was originally introduced by Larry Williams in 2007.

Q: How can I test the VIX Fix MT5?
A: Independent testing of the VIX Fix MT5 is available on the forexroboteasy.com website.

Note: This article serves as an independent product review and is written in the third person. The text does not contain any possessive terminologies like “our” or “my” product.