I found a very interesting article on Bloomberg with the title “JP Morgan Strategists See Sure Fire Sign It Is Time to Buy Stocks”.
It says when VIX index far exceeds its 1 month MA by 50%, then stock prices rise later except recession period. This buying signals are almost 100% accurate and now is the time to buy stocks as the VIX met the condition on Jan25 this year, the article says.
I can’t post the URL of the article here as it violates TradingView house rules, so if you are interested, you just google it with the title.
Anyway, I have developed this indicator to see what JP Morgan says. It draws VIX, its MA and its MA deviation rate.