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Works best as an intraday indicator Background black & line green = Long VIX Background black & red line = No trade Background orange & line green = Consider selling Background orange & line red = Short VIX

Modified version of ATR Pips The indicator's value is a third of the daily range which is good to use as a stop loss value for intra day scalping on markets such as index futures and forex. It's good for detecting and confirming inflection points in the market.