INDEX:VIX CBOE Volatility Index
When the (100) bars are rising and above "0" that indicates rising FEAR.As the bars get shorter the FEAR diminishes.The fear will usually stop at or just above the KC(40). When the VIX overshoots above the KC band that signifies EXTREME FEAR and market BOTTOMS just ahead. >>>NO FUNDAMENTAL DATA ANYWHERE ON THIS CHART.
HVI(tsx). is a symbol I follow on the TSX exchange, it's the INVERSE of the VIX. This instrument is very noisy and volatile so I use a RENKO chart.Box size is .20 cents. I hope soon TradingView will have a RENKO option.
weekly update.....only one positive CCI bar since May 2012 .REMINDER: The VIX does not work well the other way around, I mean the VIX is not a good indicator for spotting market tops because it does not show EXTREME moves when markets are moving up.That's why they call it the FEAR index and not the GREED index.
@Databased, I've seen this before, thanks for sharing