Mitsos4 RSI + BB + Dispersion + Trendlines + VIX Fix

Mitsos4 RSI + BB + Dispersion + Trendlines + VIX Fix
This powerful custom indicator combines two analytical tools into one view:
RSI-based Bollinger Bands with Dispersion and the Vix Fix volatility spike detector.

It is designed for traders who want early volatility signals and precision RSI insights, all in a single pane.

🧩 What's Included:
✅ 1. RSI + BB (EMA) + Dispersion
RSI-Based Bollinger Bands: Tracks the RSI with Bollinger Bands using an EMA as the basis.

Dispersion Zone: A buffer zone around the moving average band for more sensitive overbought/oversold detection.

Dynamic RSI Coloring:

🟢 Green: RSI breaks above the dispersion zone.

🔴 Red: RSI breaks below the dispersion zone.

🟡 Yellow: RSI inside the zone (neutral).

Trendlines at RSI levels: 40 (green), 50 (yellow), 60 (red).

Alerts when RSI crosses dispersion zones.

✅ 2. CM_Williams_Vix_Fix
Designed to simulate VIX-like volatility spikes on non-VIX instruments.

Detects potential market bottoms by measuring price deviation from recent highs.

Includes:

Bollinger Band range on WVF.

Percentile high/low zones to detect significant volatility moves.

Histogram plot of WVF for quick visual alerts.

Color-coded spikes (green when above upper thresholds).

⚙️ User Controls:
Adjustable RSI, Bollinger Band, and dispersion settings.

Toggle options for:

Viewing high/low VIX percentiles.

Showing standard deviation bands for WVF.

Custom trendline display levels at RSI key areas.

📌 Best Use Cases:
Detect early market reversals and volatility spikes.

Combine RSI strength with volatility-based bottom signals.

Layer dispersion-based logic on top of classic RSI strategies.