Based on VixFix script by Chris Moody. VIX-Fix can sometime give early signal. Hence, apply linear regression for better estimation of market bottom. Area above 0 shows VixFix whereas the below 0 area is linear regression of VixFix. To estimate market bottom:
First wait for VixFix to turn lime
Then wait for linear regression to turn lime from green.
VixFix may no longer be lime by linear regression chages. But, that's ok.
Have also added option candle color to highlight bottom and alert condition for those who want to use it.
Thank you , could you add also a shortCondition/sell Alert ?
Trendoscope
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@gmeneguzzo, vixfix is mainly used for finding market bottoms. You can probably use linear regression on price or moving average to find the tops. Alternatively an oversold/overbought oscillator.
thx"