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VIX Bandit

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This is a momentum indicator that identifies potential VIX bottoms by using seven configurable Williams %R oscillators simultaneously.

Green dots🟢appear below the bar when all %R series agree the VIX is extremely oversold.

Fuchsia dots🟣appear above the bar when VIX reverts to its long-term average (an EMA).

I hope this helps you spot moments of maximum optimism and trade the subsequent panic, somehow.

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