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GSR-MINI Bands

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GSR-Mini Bands is an indicator designed to analyze the dynamics of implied volatility indices, such as the VIX (S&P500) or the VDAX-NEW (DAX40).

The calculation is performed as the percentage difference between the cumulative series of opening gaps and the cumulative evolution of the volatility index itself, adjusted for those gaps.

The indicator moves in a range of approximately -1 to 1, with intermediate lines (0.3 and 0.7) that help identify different relative levels of volatility behavior.

Although it is primarily designed for daily charts, it can also be applied to shorter time frames, such as 1 minute, where it offers additional insight into intraday volatility dynamics.

Note: This indicator does not constitute an investment recommendation. It is presented solely as a technical analysis tool.

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