I am trying to write an Indicator which will give a Historical IV Rank to a particular stock. The calculation is:
100 x (the current Historical IV level – the 52 week Historical IV low) / (the 52 week Historical IV high – 52 week Historical IV low) = IV Rank
I have tried the attached but I think that the terms “highest” and “lowest” only work with price. Does anyone know if my calculation can be performed by PRT
Many thanks
IV Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
indicator1=HistoricVolatility
indicator2=highest[365]HistoricVolatility
indicator3=lowest[365]HistoricVolatility
c3=indicator1-indicator3
c4=indicator2-indicator3
c5=c3/c4
c6=c5*100
Returnc6AS"IV Rank"
//HOW IS IV RANK CALCULATED?
//The formula for IV rank is simple, really. It is:
//100 x (the current IV level - the 52 week IV low) / (the 52 week IV high - 52 week IV low) = IV Rank
To help us continually offer you the best experience on ProRealCode, we use cookies. By clicking on "Continue" you are agreeing to our use of them. You can also check our "privacy policy" page for more information.Continue