OPEN-SOURCE SCRIPT
SPY VXX RSI crisscross
// Shows mean of SPY and VXX RSI's. While SPY and VXX often play "tag",
//crisscrossing each other, the game of tag is either 'down' or 'up'
LIME= SPY RSI
AQUA=VXX RSI
BLUE= Average of both
Gray= change of blue
The indicator: is the average above or below 50 (are we going up or down).
Reminder - its an RSI 0-100
// Useful in taking hedged positions in Volatility
//Ex. Short VXX and Long SDS
//Ex. Short XIV and Long SSO
//crisscrossing each other, the game of tag is either 'down' or 'up'
LIME= SPY RSI
AQUA=VXX RSI
BLUE= Average of both
Gray= change of blue
The indicator: is the average above or below 50 (are we going up or down).
Reminder - its an RSI 0-100
// Useful in taking hedged positions in Volatility
//Ex. Short VXX and Long SDS
//Ex. Short XIV and Long SSO
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.