This script is the modified for the Indian market of the main script "Vix MTF Momentum"- by © dman103
Credit goes to @ dman103 for the script
If VIX Momentum is above 0 (MAROON) Must be careful about long position.
If VIX Momentum is below 0 (GREEN) Must be careful about short position.
It gives the idea about Divergence between India Vix and Banknifty/Nifty price.
Works well in shorter time frame also 3 min/ 5 min/15 min.
Credit goes to @ dman103 for the script
If VIX Momentum is above 0 (MAROON) Must be careful about long position.
If VIX Momentum is below 0 (GREEN) Must be careful about short position.
It gives the idea about Divergence between India Vix and Banknifty/Nifty price.
Works well in shorter time frame also 3 min/ 5 min/15 min.
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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.