VIX - Fast 30% gains in volatility - shorting
Script is showing if volatility has risen 30% or more from the 10-day MA. Great opportunity for shorting when indicator gets close or above green 30% line. Red line is current MA average.
study("My Script")
a=high
ma=ema(close,10)
c=a/ma
plot(c, color=blue)
plot(1, color=red)
plot(1.3, color=green)