Hi Adam,
I have thought about it, but I have not come up with an answer as to how we could do it.
The Index shows us how nervous or how confident investors are at the present time. It is a very volatile index and changes very quickly. That is why I decided to smooth it out using a short term moving average. Since 21 days is roughly one month of trading on the exchanges that seemed like a good average to use. The big problem with moving averages are their "lag" time.
Just my opinion, but any use of the Index by an investor would need to be discretionary. My opinion is that it might be more useful for an options trader than a long-term investor like an AIM investor. Since the majority of puts or calls have a relatively short life of only a few months at most, (LEAPs are the exception), then market sentiment might play more into using an Index like this when placing an options trade than using it for a new AIM account.
Some of you might see other uses for it.
Best regards,
Ray
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