OPEN-SOURCE SCRIPT

Market Structure + VIX long & short

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This script is an indicator related to VIX short and long positions.

I tried to closely follow the put call ratio calculated by CNN. I referred to the CPC chart and the USDI PCCE chart. The VIX long position is quite risky, so I hope you consider it as a signal to start thinking when it appears. On the other hand, the VIX short signal consists of strong signals and mild signals. The mild signal is risky but occurs at points where CNN's put call ratio is above 0.8 and the VIX is above 30. The strong short signal is a very powerful short signal.

I hope you find it useful.

God bless you traders.

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