OPEN-SOURCE SCRIPT
UVXY Contango Rate - my quick and dirty indicator
Feel the force ... read the source.
Give you an idea of the contango headwind / backwardation tailwind that UVXY is experiencing.
Works on Daily time frame only unless you buy the VIX feed.
Give you an idea of the contango headwind / backwardation tailwind that UVXY is experiencing.
Works on Daily time frame only unless you buy the VIX feed.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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