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Spazz Elite Top Signals

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Breadth trust x VIX divergence top signal generator

Core Components
1. Breadth Indicators
The indicator collects data on the percentage of stocks trading above various moving averages:

2. VIX Analysis
The indicator incorporates the VIX (Volatility Index) to detect complacency and potential volatility divergences:

Auto-detects the appropriate volatility index for the instrument (VIX for S&P 500, VXN for Nasdaq, etc.)
Identifies when VIX is unusually low (market complacency)
Detects when price makes new highs but VIX isn't making new lows (bearish divergence)
Monitors for VIX bottoming patterns while prices continue to rise

POINT SYSTEM FOR SIGNAL GENERATION LOGIC


Signal Generation Logic

Score Accumulation: Points accumulate over time as warning conditions appear
Signal Thresholds:

Strong Signal: Score reaches 10 points (moderately concerning)
Extreme Signal: Score reaches 15 points (significantly concerning)


Signal Suppression:

Prevents signal clustering with a 5-bar minimum between signals
Resets score entirely after 120 bars with no new warning conditions


Signal Display:

Strong Signal: Orange arrow above the price bar
Extreme Signal: Red arrow above the price bar

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.