This majorly combines 3 indicators. More detailed usage will be taught to the subscribers as part of webinars to understand how to use these along with VSA to improve the trading results.
1)Mean Revert Indicator (M.Revert) - Most useful for intraday. When M.Revert bar turns red its ideally a sell signal. When M.Revert bar turns green its buy signal.
2)PV.Trend is nothing but price volume trend. Green bullish, red bearish.
3) Ind.VIxFix - Its India VIX. When its red it means VIX is shooting up and chances of fall is higher. When VIX turns green VIX is cooling down and market may consolidate or go higher.
When VIXFIX turns green its a good time to sell straddle or strangles and avoid neutral strategies when red. Additionally when VIXFix turns red, simply exit the losing leg holding the other leg of the neutral strategy. It helps.
Release Notes
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Minor change. Update the script to get the benefits. More details will be shared in next webinar on how to use it along with other VSA scripts.
@shacks420, This is a invite only script. First you need to get access. Secondly PVT and M.Revert doesn't work if volume is missing. So instead of applying it on the Nifty spot, you should use it in Nifty future which has volumes associated with it.