On this chart I placed the BloodHound VixTrigger which is the VIX trigger template because it will give a BloodHound indication faster than the trend. I did this to draw my attention quicker to the VIX. Because 0DTE normally make up around 50% of the total volume traded, VIX9D is on top, and is theoretically more sensitive as these options are opened and closed as day trades, but are very sensitive to ES price change, thus requiring additional options dealers hedging.
A specialized indicator for this chart is in the process of being created. It will replace the divergence indicators. When it is available, it will be announced in he BLOG and the template will be made available. (3/27/23)
Download the template HERE.