VIX Fear Gauge – Intraday Horizontal with alerts by Carlos C

The VIX Fear Gauge – Intraday Horizontal is a clean overlay tool that displays the current market sentiment (Fear & Greed levels) based on the VIX index.

Key Features:

📊 Horizontal Dashboard with five levels: Low, Light Fear, Neutral, High Fear, Panic.

🎨 Color Schemes: choose between Normal (fear = red) or Inverted (fear = green).

📍 Custom Positioning: move the panel to any chart corner.

🏷️ Dynamic Label: optional large label showing the current VIX value and category.

🚨 Smart Alerts: triggers when VIX enters or exits High Fear and Panic zones.

This indicator is designed for intraday traders who use the VIX as a risk barometer to confirm directional bias in SPY, QQQ, and other equities or options trading setups.