Works best as an intraday indicator Background black & line green = Long VIX Background black & red line = No trade Background orange & line green = Consider selling Background orange & line red = Short VIX
My implementtion of VIX term roll Oscillator according to the articles below seekingalpha.com vixcontango.wordpress.com Hope it helps! Daniel
VIX Contango Oscillator as outlined in the following blog post vixcontango.wordpress.com By Daniel Xu