VIX Change in-sight: Cloud Squared
Here is the 'Ichimoku Cloud' indicator shown for the VIX.
Although this indicator offers a surplus of signals I wanted to point out a 2nd cloud that can be found between the, 'Conversion Line' and the, 'Base Line.' *The importance of this 2nd cloud is that when price enters it's range, the (price) direction is likely to change.* Aside from that, the cloud commonality is that price being below these clouds concludes a downtrend and the price being above the clouds concludes an uptrend).
*THUS (if these calculations are correct), the VIX is heading UP* GOOD LUCK!
Although this indicator offers a surplus of signals I wanted to point out a 2nd cloud that can be found between the, 'Conversion Line' and the, 'Base Line.' *The importance of this 2nd cloud is that when price enters it's range, the (price) direction is likely to change.* Aside from that, the cloud commonality is that price being below these clouds concludes a downtrend and the price being above the clouds concludes an uptrend).
*THUS (if these calculations are correct), the VIX is heading UP* GOOD LUCK!
Note
I've shaded in the indicator's 2nd Cloud with the polynomial line tool.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.