VIX, VIX ROC RSI, McClellan MACD script

[antwerks]

I would like to have created a TOS indicator integrating multiple indicators like VIX, VIX ROC (Rate of Change), RSI, McClellan Oscillator
and MACD. I'll outline a general idea of how I am thinking to approach this:

1. VIX and ROC of VIX: Track the VIX and its rate of change over a specific period. For instance, calculate the ROC of the VIX over 14 periods. Include the VIX price action to input ranges of or degrees of alarm.
2. RSI and ROC of RSI: Calculate the RSI and its rate of change over a defined period. For instance, a 14-period RSI and ROC of RSI over 9 periods.
3. McClellan Oscillator: Calculate the McClellan Oscillator, which measures market breadth. It's usually derived from exponential moving averages of advancing and declining issues. You can set custom periods for these moving averages based on your analysis with inputs.
4. MACD Strength: Gauge MACD strength, perhaps by considering the MACD histogram's direction or the distance between the MACD line and the signal line.

Once you have these individual components, consider combining their signals to generate buy/sell signals. For example:

• Buy Signal Conditions: A potential buy signal might be generated when the ROC of VIX is rising, RSI is oversold and showing bullish divergence, McClellan Oscillator is rising, and MACD shows strength (MACD line crossing above the signal line).
• Sell Signal Conditions: A potential sell signal might be generated when the ROC of VIX is falling, RSI is overbought and showing bearish divergence, McClellan Oscillator is falling, and MACD shows weakness (MACD line crossing below the signal line).

You can test these conditions with historical data to refine and optimize the strategy, considering false signals and ensuring a balanced approach to avoid overfitting.
Any coders willing to tackle?

 

[antwerks]

you might be able to replace the VIX part with ADX?