VIX Spike Meter
How stretched is fear, in sigmas. The dip-buyer's gauge.
Own pane · Daily first, works intraday · Any chart; the data comes from the VIX
What it shows
- One line: how far the VIX sits from its own recent norm, in standard deviations.
- Three shaded zones: above 1 sigma (equities oversold), above 1.5 (fear zone), above 2 (capitulation).
- Markers and alerts when the gauge crosses into each zone.
- Optional complacency zones on the low side.
How it reads the market
Raw VIX levels mean different things in different regimes; 20 can be calm one year and panic another. Scoring the VIX against its own rolling mean and deviation turns it into a regime-aware stretch gauge: the deeper the sigma, the more washed out equities usually are.
Settings
| Setting | Default | What it does |
|---|---|---|
| VIX symbol | CBOE:VIX | Remappable if your feed names it differently. |
| Smoothing | 5 | Takes the jitter out of the raw line. |
| Z-score window | 100 bars | The lookback that defines 'normal' for the current regime. |
| Zone thresholds | 1 / 1.5 / 2 sigma | Where the oversold, fear and capitulation zones start. |
Everything is an input: colors, thresholds and time windows adjust from the indicator's settings panel, no code needed.
Built-in alerts
- Crossed 1 sigma
- Crossed 1.5 sigma (fear)
- Crossed 2 sigma (capitulation)
Set them once from TradingView's alert dialog and get notified on your phone, no chart-watching required.
Comes with the membership
The whole indicator suite is included with the paid plan, $20/month or $200/year. Subscribe, submit your TradingView username, and the scripts land in your TradingView library.
Founding offer: 50% off the first year, 6 days left.
Get full accessHow to add it to your chart
- Request access above with your TradingView username (one request covers the whole suite).
- We grant it on TradingView, usually within 24 hours; TradingView notifies you.
- On your chart, open Indicators → Invite-only scripts and add VIX Spike Meter.
A context gauge, not an entry system by itself: pair it with your levels and the market backdrop.