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VIX > 20/25 Highlight

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This indicator tracks the CBOE Volatility Index (VIX) and highlights when volatility exceeds critical thresholds.

Plots the VIX with dashed reference lines at 20 and 25.

Background turns orange when the VIX is above 20.

Background turns bright red when the VIX is above 25.

Includes alert conditions to notify you when the VIX crosses above 20 or 25.

Use this tool to quickly visualize periods of elevated market stress and manage risk accordingly.

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