New BloodHound VIX Template
There are now 3 chart templates that you will find below. In order to use these templates, you must add the symbols to the NinjaTrader INSTRUMENTS and INSTRUMENT LISTS.
- $VIX
- $VIX9D
- $VIX1D
- $COR90D
- UVXY
It is very important to start a new chart, and add the data series in the specific order, so that the template applies the correct zigzag to the correct symbol. The correct order is
- VIX9D
- VIX
- COR90D
- VVIX
The difference between the templates is where the ZigZags occur at. The ES and VIX charts were studied, and the values adjusted lower for when the zigzag occurs in the new templates because $COR90D and $VVIX were making smaller zigzags from falling volatility.
In March 2024 the ES was making all time highs. This is why a third template was created, to account for the reduced ranges in $COR90D and $VVIX. For reference, the $COR90D was 30% higher when the original template was created.
Download and replace all of the old chart templates. Delete any old VIX chart templates. Right click and SAVE AS to the Templates-Chart folder.
Download the HIGH Vol template HERE.
BloodHound Template File
Download the VIX Files
The files are the SharkIndicators BloodHound template files.
The picture on the below shows that path.
NOTE: The most current Live Vix file was updated 3/14/2024. It is now Version 14.
ZTP BloodHound Version 14 Right Click and Save AS
Your BloodHound Template Options
There are 7 different options to choose from, depending on what you want to see. The difference is in the number of ticks required to give a signal.
The charts contain the word trigger or trend.
Trend is meant to be put on a SPY or ES chart, trigger is for the VIX chart. However when developing a strategy, it is helpful to but the trigger on SPY and ES so you can see market reactions to VIX moves.
Trigger
The trigger charts look at the 4 VIX related symbols we are tracking on the VIX chart. When they create a zigzag on the VIX chart, BloodHound picks this up. The BloodHound template you choose, MUST match the chart template that you are using.
The chart zigzags are greater in the higher VIX than the lower VIX. When the lower VIX template (ZtpTriggerLowerVix) was created, the COR90D was between 40-50. In the newest template (ZtpTriggerLowerCor90D) for the Lower COR90D, that symbol was trading at less than 30 when that template was created. The VIX and VIX9D zigzags did not change.
Trend
The trend charts look at 10 different symbols including the VIX symbols to determine a trend. The BloodHound template you choose, MUST match the chart template that you are using.
The legacy trend template is called ZtpOldEsTrend. The newest trend template (ZtpTrendLowerCor90D) reflects the lower COR90D ranges.
To Summarize
The BloodHound template you choose, MUST match the chart template that you are using.
The differences between the charts is what the zigzags on the VIX symbols are set to. You can see the zigzag settings in the ZtpZigZag indicator.
The lower VIX charts have a smaller zigzag than the higher VIX charts.
The Lower COR90D has lower zigzag ranges for COR90D and VVIX.
The Difference Between the Two Charts
There are 4 key points on this chart that I have labeled. The chart on the left has higher zigzag ranges and the chart on the right has lower zigzag ranges for COR90D.
The bar by bar ZoneTraderPro indicator for COR90D is on the SPY chart so you can see it moving bar by bar. Rising COP90D is bearish and a falling COR90D is bullish.
Key Point 1
At Key Point 1 we trade into support on the SPY and a long trend trade, with divergence signal that will bust. But the new template, for both trend and trigger, indicates the rise in COR90D to resistance (bearish). Price then trades lower by 4 points.
Key Point 2
At Key Point 2 we have a reversal pattern with red VIX trend and short divergence. There is a successful short trade for 6.5 points. The COR90D price has risen (bearish) but the COR90D chart with higher range has still not created resistance.
Key Point 3
Key Point 3 is the most important. We had a short divergence signal and red trend VIX. COR90D is falling (bullish) but hasn’t triggered a bullish zigzag at the time of a potential trade, 3 minutes before key point 3. It does go bullish at the low, when price was below the short entry point. The lower range COR90D has created support (bullish) but the higher range COR90D is still in resistance (bearish).
Key Point 4
At Key Point 4 the higher range COR90D chart finally creates support. This was after a potential long reversal pattern with green VIX that had already occured.
SPY Chart with Higher Range BloodHound Template
Clearly a significant difference between the two trend templates
Applying the BloodHound Template (MUST READ)
This issue does not apply to the old ES trend template.
Notice how the new templates all have SPY after their name.
Placing one of these templates on a ES chart will cause an error in the solution in BloodHound. The issue will not occur if the primary data series is SPY. It will only occur if the primary data series is a futures contract.
There are 2 work arounds to this issue. First is simply use these templates on a SPY chart.
If you do want to use the template on an ES chart, it is very easy to accomplish. The 1st step is to add a second data series to your ES chart. Add the SPY and set it for 100 ticks. That is going to look like this. Then hide the SPY data panel on the chart.
Next go to the BloodHound indicator and change the input series to SPY, and not the ES. That is going to look like this.
