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,...
This strategy combines NAAIM Exposure Index and the Equity Put/Call Ratio into Fear/Greed Index that oscillates between 0 and 100.
It smooths all of these values and enters a trade when Fear reaches a certain threshold and exits when Greed reaches a certain threshold.
I don't really know if this is a great indicator or not, but the results on various indexes...
