OPEN-SOURCE SCRIPT

Stochastics + CM Williams VixFix (Simple Buy Signal)

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📈 Stochastics + CM Williams VixFix (Simple Buy Signal)
This indicator combines two powerful tools to detect potential bottoming opportunities:

✅ Stochastics: Looks for momentum reversals. A signal is triggered when both %K and %D are below the oversold threshold (default: 20), suggesting the asset is deeply oversold.

✅ CM Williams Vix Fix: A volatility-based fear detector. When it spikes above its dynamic threshold, it indicates potential panic selling — often preceding a market bounce.

💡 Buy Signal is generated when:

%K and %D are both below 20
VixFix shows a volatility spike (green condition)
Use this script to identify high-probability reversal setups, especially during market corrections or panic phases.

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