Custom Script for IV Rank and IV Percentile on ThinkorSwim

Описание: In today’s video we’ll learn how to add a custom script for IV Rank and IV Percentile on each of our charts.
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TraderLog (My Trading Journal)👇
https://traderlog.io/

TradingView (Best charts in the game)
https://www.tradingview.com/?aff_id=3...

Tastyworks (Great for options traders)
https://start.tastyworks.com/#/login?...

Webull (UP TO 12 FREE STOCKS)
https://a.webull.com/KJLaoiDnnHrFKovdOg
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If you trade options, being able to see volatility as well as a way to measure that volatility is incredibly important. Probably the most popular out there being IV rank, followed closely by the IV percentile although many platforms don’t offer this one. As I mentioned, each of these is used to uncover whether implied volatility is high or low compared to the past year.

IV rank is by far the more popular of the two, but has some downsides. Because the calculation for IV rank uses the yearly low and high, it can be skewed if there has been a large swing in volatility in the past year.

IV RANK = Current IV – 52WH / 52WH -52WL

IV Percentile acts in a very similar manner, but attempts to counteract the affect of a large swing in volatility in the past year. It simply looks back the past year and looks at how many days volatility has been below the current volatility.

IV Percentile = # of Days Below Current IV / # of Trading Day

Disclaimer: Some of these links go to one of my websites and some are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.