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RolandoSantos

VIX Correlation

RolandoSantos Updated   
Volatility correlation VIX CBOE Volatility Index
705
15
volatility correlation vix
Indicator tracks the 10 day correlation with VIX. I prefer to use this with SPY. Can be a great way to flag tops/melt-ups.

Default settings are set to when the correlation is above 0.2, bars turn red, but you can change this.

Release Notes:
Simple update as requested to have the option to change the symbol w/ which to correlate with SPY or any other symbol as desired.
Open-source script

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