gb50k

SPY VXX RSI crisscross

59 0 4
// 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            
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// 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'

// Useful in taking hedged positions in Volatility
//Ex. Short VXX and Long SDS
//Ex. Short XIV and Long SSO
//


study("SPY VXX RSI crisscross")
m0=input(3,"ema on SPY and VXX")
//m0=input(1,"preema")
m1=input(3,"RSI")
m2=input(3,"ema smooth of RSI")


spy=ema(security("spy" ,"60"  , close ),m0)
vxx=ema(security("vxx" ,"60"  , close ),m0)

s=ema(rsi(spy,m1),m2)
v=ema(rsi(vxx,m1),m2)
a=(v+s)/2
zero=plot(50,color=black,linewidth=1)
ch=plot(change(a)*15+50,color=gray,linewidth=1)
fill(zero,ch,color=gray,transp=75)
plot(s,color=lime,linewidth=1,title='SPY RSI')
plot(v,color=aqua,linewidth=1,title='VXX RSI')
bg = a > 50 ? blue : gray
bgcolor(a > 50 ? red : green, transp=80)
plot(a,color=blue,linewidth=3,title='Mean RSI')




//plot(0,color=black,linewidth=1)
plot(0,color=black,linewidth=1)
plot(100,color=black,linewidth=1)
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