CM Williams Fix Indicator for MT5

In short: CM Williams Vix Fix for MetaTrader 5 brings the popular TradingView indicator to MT5. It combines Bollinger Band and momentum calculations to flag fear spikes, and the first green bar that follows the gray bars is a buy signal.

What the Williams Vix Fix does

The Williams Vix Fix is a “fear gauge” for any market. The real VIX measures expected volatility on one index; the Vix Fix recreates the same idea from price data on any symbol. Spikes in fear are often associated with panic selling and potential lows, which is why this approach is used to find buying opportunities rather than selling ones.

The CM version used here combines Bollinger Band and momentum calculations to detect those conditions and to turn them into a clear visual signal.

How to read the signal

1. When fear conditions build, the indicator draws gray bars.
2. When the condition begins to resolve, green bars appear.
3. The first green bar after the gray bars is the buy signal.

The logic is “wait for the panic, then buy once it starts to fade”, not “buy while price is still falling”. Waiting for the first green bar avoids catching a falling knife.

Buy signals only

The indicator is built for buy signals. It does not generate sell signals, so you need your own exit rule, such as a take-profit, a trailing stop, or an exit signal from another tool. Combine it with your trading plan rather than using it on its own.

Works on any market

• Markets: all markets.
• Timeframes: all timeframes.
• Trading styles: from scalping to position trading.

Because it works on every market and timeframe, test it on the symbols you trade to see where its signals suit your style.

Built-in tester

The tester panel checks how the signals would have performed within a period you define, using your own stop-loss and take-profit levels. That makes it easy to evaluate the indicator on a specific symbol before using it live.

Ideas for using it

• Use the signal as an alert to look for a long setup, then confirm with price action, such as a reversal candle at support.
• Pair it with a trend filter so you buy dips within uptrends instead of catching sustained downtrends.
• Define your exit in advance, because the indicator will not give one.

Browse our other MT5 indicators for tools that can supply exit signals and trend direction.

Frequently asked questions

Does it give sell signals?

No. It is specifically designed to provide buy signals. Use another tool or your own method for exits and short setups.

How do I read the signal?

After gray bars appear, green bars follow. The first green bar is the buy signal.

What is it based on?

A combination of Bollinger Band and momentum calculations. It is a port of the popular CM Williams Vix Fix indicator from TradingView.

Which markets and timeframes does it support?

All markets, all timeframes and all trading types, from scalping to position trading.

How can I test it?

With the built-in tester panel. Define a period, a stop-loss and a take-profit, and it shows how the signals performed over that period.

Is there a free demo?

Yes. Download the free demo from the MQL5 Market and run it in the MetaTrader 5 Strategy Tester before buying.

CM Williams Vix Fix is an analysis tool and does not guarantee trading results.