VIX MTF Momentum

Sweet little momentum gadget to track the VIX Index.
What is the VIX?

The CBOE S&P 500 Volatility Index (VIX) is known as the 'Fear Index' which can measure how worried traders are that the S&P 500 might suddenly drop within the next 30 days.
When the VIX starts moving higher, it is telling you that traders are getting nervous. When the VIX starts moving lower, it is telling you that traders are gaining confidence.

VIX calculation?

The Chicago Board of Options Exchange Market Volatility Index (VIX) is a measure of implied volatility (Of the S&P 500 securities options), based on the prices of a basket of S&P 500 Index options with 30 days to expiration.

How to use:
If VIX Momentum is above 0 (RED) traders are getting nervous.
If VIX Momentum is below 0 (GREEN) traders are gaining confidence.

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Sürüm Notları:

Changed display style to 'columns' which visually looks more clear.

Sürüm Notları:

Added High/Low tunnels to detect possible reversals, see image below:

Sürüm Notları:

VIX symbol can me modified to other symbols from settings.

Sürüm Notları:

Support extended session for vix.