Volatility indices can be combined with indicators to give some useful info on market direction. I've started using @MorayTheEel 's excellent Keltner Channels with Wilder Average on VIX, VOLQ, VSTN, etc. Combined with the Triple Exhaustion indicator, it makes some very good calls. A low on VIX confirms a high on SPY; high on VIX confirms low on SPY.
Keltner w Wilder: https://usethinkscript.com/threads/hurst-cycle-channel-clone-for-thinkorswim.14575/
Triple Exhaustion length is set to 100.
shared chart links:
SPY: https://tos.mx/hdHqAZO
VIX: https://tos.mx/ZObTYOm
Keltner w Wilder: https://usethinkscript.com/threads/hurst-cycle-channel-clone-for-thinkorswim.14575/
Triple Exhaustion length is set to 100.
shared chart links:
SPY: https://tos.mx/hdHqAZO
VIX: https://tos.mx/ZObTYOm
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