This is a VIX indicator It goes with VIX daily change 95%
When 10 VIX MA > past 200Days 10 VIX MA 95 Percentile than color turn to orange
Both VIX MA＆95% and VIX daily change 95% turn to orange means Risk off. get out of market!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules.
You can favorite it to use it on a chart.
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