VIX Change in-sight: Cloud Squared
Updated
Here is the 'Ichimoku Cloud' indicator shown for the VIX.
Although this indicator offers a surplus of signals I wanted to point out a 2nd cloud that can be found between the, 'Conversion Line' and the, 'Base Line.' *The importance of this 2nd cloud is that when price enters it's range, the (price) direction is likely to change.* Aside from that, the cloud commonality is that price being below these clouds concludes a downtrend and the price being above the clouds concludes an uptrend).
*THUS (if these calculations are correct), the VIX is heading UP* GOOD LUCK!
Although this indicator offers a surplus of signals I wanted to point out a 2nd cloud that can be found between the, 'Conversion Line' and the, 'Base Line.' *The importance of this 2nd cloud is that when price enters it's range, the (price) direction is likely to change.* Aside from that, the cloud commonality is that price being below these clouds concludes a downtrend and the price being above the clouds concludes an uptrend).
*THUS (if these calculations are correct), the VIX is heading UP* GOOD LUCK!
Comment
I've shaded in the indicator's 2nd Cloud with the polynomial line tool.
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