Im reading a book volatility/vix trading by raymundo briones.
This index is determined by a three-day exponential moving average and a six-day weighted moving average. These two averages design the short term selling trend by institutional investors.
Is this factor working sir. Mean using ema to find out the institutional investors.
I have not read this book. However, I am of the opinion that if you are considering moving average then both should be same i.e. either consider EMA or WMA.
Also, i am not sure how you are finding selling trend from volatility or VIX.
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