BB 변곡매수 + RSI매도 + VIX Buy (RSI Sell Only)

This sophisticated Pine Script indicator offers a powerful combination of technical analysis tools to help traders identify high-probability buy and sell opportunities directly on their chart. By integrating Bollinger Band reversals, RSI-based trend exhaustion, and VIX-driven fear signals, it provides a multi-faceted approach to market timing.

How This Indicator Works:

This indicator plots various signals on your main price chart, each derived from a distinct and proven methodology:

Bollinger Band Reversal Buy Signals (Green Triangles)

The Idea: This strategy focuses on "reversals" or "snapbacks" after a strong price move outside the Bollinger Bands. When price breaks significantly below the lower Bollinger Band, it often signifies an oversold condition. This signal triggers when the price, having been outside the lower band, re-enters the band with a bullish (green) candlestick. This suggests the downward momentum is waning and a potential bounce or reversal upwards is beginning.
Signal: A green upward triangle labeled "BB Rev Buy" appears below the candlestick.
RSI-Based Sell Signals (Red Triangles)

The Idea: The Relative Strength Index (RSI) measures the speed and change of price movements. An RSI above 70 indicates an overbought condition, where the asset might be due for a pullback or a reversal. This signal triggers when the RSI crosses back below the 70 overbought level. This suggests that buying pressure is decreasing and a downward move might be imminent.
Signal: A red downward triangle labeled "RSI Sell" appears above the candlestick.
VIX-Based "Fear" Buy Signals (Yellow, Orange, Red Triangles)

The Idea: The VIX (Volatility Index) is often referred to as the "fear index." Historically, extremely high VIX readings correlate with periods of high market fear and panic, which can often mark significant market bottoms and prime buying opportunities for long-term investors or swing traders. This indicator provides graded buy signals based on VIX levels:
VIX 30+ (Yellow Triangle): A small yellow upward triangle appears when the VIX is at or above 30, suggesting elevated fear and a potential early buying opportunity.
VIX 40+ (Orange Triangle): A medium orange upward triangle appears when the VIX is at or above 40, indicating high fear and a stronger potential for a buying opportunity.
VIX 50+ (Red Triangle): A large red upward triangle appears when the VIX is at or above 50, signifying extreme market fear, often associated with capitulation. This historically marks significant market bottoms and presents a strong buying opportunity.
Note on VIX Data: The indicator uses request.security() to fetch VIX data. While lookahead=barmerge.lookahead_on is used for quicker signal display, be aware of the potential for repainting on the current bar.
Why Use This Indicator?

Multi-Confirmation: Combines different, yet complementary, types of signals for more robust trading decisions.
Clear Visuals: Easy-to-understand triangle shapes with intuitive color-coding make signals immediately recognizable.
Contrarian Buy Opportunities: Leverages the VIX to highlight potential buying opportunities during periods of extreme market fear, offering a unique edge.
Customizable: All key parameters—including Bollinger Band length/deviation, RSI length/levels, and VIX buy thresholds—are fully adjustable in the indicator's settings to suit your trading style and instrument.
How to Use:

Simply add this indicator to your desired chart on TradingView. Adjust the input parameters via the indicator's settings (gear icon) to fine-tune its sensitivity and adapt it to various assets or timeframes.

For a deeper dive into VIX levels and historical context, it is highly recommended to add the companion "VIX Index Plot with Levels" indicator (available separately on my profile) to a lower panel on your chart.

Empower your trading decisions with comprehensive insights from price action, momentum, and market sentiment!