hiker, I didn't mean to sound too critical of your interpretation, because there are many valid ways to interpret every indicator. I prefer to use both bollinger bands and PPO of VIX very reason you mentioned: No single indicator is perfect nor is any interpretation perfect. Ned Davis Research, who I admire greatly, uses a 8 day MA/64 day MA for VIX.
After spending a good deal of time looking at VIX, I personally wouldn't put much emphasis on triple confirmation of Stochastics. That's just an observation, take it for what it's worth.
My personal preference is to use the 10,75,1 PPO (+14 and -14 as critical levels) as confirmation to Bollinger Bands (80, 1.5) using the 10 day EMA of VIX. I encourage you to chart this back as far as you have data and see if you agree.
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