Above is Monday's action on 5 minute bars, below is portions of Monday/Tuesday's action on 2 minute bars. On the upper chart I've also highlighted with white arrows the midpanel technical short term buy setups to see how (or if) they correlate. Clearly, the midpanel 3/7 SMAs and the Monday's early VIX/Price cross were great prognosticators of what was coming down the pipe for the rest of the day, whereas the late afternoon breakout was clearly forecast by the failure of the MACDs to turn down.
The VIXEN studies are obviously a work in progress, but I'm certainly encouraged from my initial forays that the VIX/Price crosses can provide useful intraday guidance in both trending and trading range environments.
I've previously mentioned my confidence in intraday NYAD/Price divergent trades using GE as an example and I typically maintain a NYAD overlay on the intraday price charts. My problem now is determining whether it is more indicative to have a NYAD or a VIX overlay on the charts. For the time being I've just duped my main trading screen . . . setting one up with the VIX and one with the NYAD to see how trades set up.
More to follow as I pursue the VIXEN coding and backtesting project.