IV_Ver3

IV_Ver3

declare upper;
input period = AggregationPeriod.DAY;
input length = 252;

def ivGapHi = if isnan(imp_volatility(period=period)) then 999999999999 else imp_volatility(period=period);
def ivGapLo = if isnan(imp_volatility(period=period)) then -999999999999 else imp_volatility(period=period);

def periodHigh = highest(ivGapLo,length=length);
def periodLow = lowest(ivGapHi,length=length);
def ivRange = periodHigh - periodLow;
def ivp = round(100*(imp_volatility(period=period)-periodLow)/ivRange, 0);
AddLabel(1, Concat("IV%: ", ivp), color = CreateColor(255-(ivp*2.55),ivp*2.55,0));