VIX Bandit

This is a momentum indicator that identifies potential VIX bottoms by using seven configurable Williams %R oscillators simultaneously.

Green dots🟢appear below the bar when all %R series agree the VIX is extremely oversold.

Fuchsia dots🟣appear above the bar when VIX reverts to its long-term average (an EMA).

I hope this helps you spot moments of maximum optimism and trade the subsequent panic, somehow.