Fear/Greed Zone Reversals [UAlgo]The "Fear/Greed Zone Reversals " indicator is a custom technical analysis tool designed for TradingView, aimed at identifying potential reversal points in the market based on sentiment zones characterized by fear and greed. This indicator utilizes a combination of moving averages, standard deviations, and price action to detect when the market transitions from extreme fear to greed or vice versa. By identifying these critical turning points, traders can gain insights into potential buy or sell opportunities.
🔶 Key Features
Customizable Moving Averages: The indicator allows users to select from various types of moving averages (SMA, EMA, WMA, VWMA, HMA) for both fear and greed zone calculations, enabling flexible adaptation to different trading strategies.
Fear Zone Settings:
Fear Source: Select the price data point (e.g., close, high, low) used for Fear Zone calculations.
Fear Period: This defines the lookback window for calculating the Fear Zone deviation.
Fear Stdev Period: This sets the period used to calculate the standard deviation of the Fear Zone deviation.
Greed Zone Settings:
Greed Source: Select the price data point (e.g., close, high, low) used for Greed Zone calculations.
Greed Period: This defines the lookback window for calculating the Greed Zone deviation.
Greed Stdev Period: This sets the period used to calculate the standard deviation of the Greed Zone deviation.
Alert Conditions: Integrated alert conditions notify traders in real-time when a reversal in the fear or greed zone is detected, allowing for timely decision-making.
🔶 Interpreting Indicator
Greed Zone: A Greed Zone is highlighted when the price deviates significantly above the chosen moving average. This suggests market sentiment might be leaning towards greed, potentially indicating a selling opportunity.
Fear Zone Reversal: A Fear Zone is highlighted when the price deviates significantly below the chosen moving average of the selected price source. This suggests market sentiment might be leaning towards fear, potentially indicating a buying opportunity. When the indicator identifies a reversal from a fear zone, it suggests that the market is transitioning from a period of intense selling pressure to a more neutral or potentially bullish state. This is typically indicated by an upward arrow (▲) on the chart, signaling a potential buy opportunity. The fear zone is characterized by high price volatility and overselling, making it a crucial point for traders to consider entering the market.
Greed Zone Reversal: Conversely, a Greed Zone is highlighted when the price deviates significantly above the chosen moving average. This suggests market sentiment might be leaning towards greed, potentially indicating a selling opportunity. When the indicator detects a reversal from a greed zone, it indicates that the market may be moving from an overbought condition back to a more neutral or bearish state. This is marked by a downward arrow (▼) on the chart, suggesting a potential sell opportunity. The greed zone is often associated with overconfidence and high buying activity, which can precede a market correction.
🔶 Why offer multiple moving average types?
By providing various moving average types (SMA, EMA, WMA, VWMA, HMA) , the indicator offers greater flexibility for traders to tailor the indicator to their specific trading strategies and market preferences. Different moving averages react differently to price data and can produce varying signals.
SMA (Simple Moving Average): Provides an equal weighting to all data points within the specified period.
EMA (Exponential Moving Average): Gives more weight to recent data points, making it more responsive to price changes.
WMA (Weighted Moving Average): Allows for custom weighting of data points, providing more flexibility in the calculation.
VWMA (Volume Weighted Moving Average): Considers both price and volume data, giving more weight to periods with higher trading volume.
HMA (Hull Moving Average): A combination of weighted moving averages designed to reduce lag and provide a smoother curve.
Offering multiple options allows traders to:
Experiment: Traders can try different moving averages to see which one produces the most accurate signals for their specific market.
Adapt to different market conditions: Different market conditions may require different moving average types. For example, a fast-moving market might benefit from a faster moving average like an EMA, while a slower-moving market might be better suited to a slower moving average like an SMA.
Personalize: Traders can choose the moving average that best aligns with their personal trading style and risk tolerance.
In essence, providing a variety of moving average types empowers traders to create a more personalized and effective trading experience.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Greed
Advanced Liquidations Heatmap v4 [HG]Description:
This indicator examines price movements, volume, support, and resistance levels to pinpoint potential trading opportunities. It identifies large, volatile moves with substantial activity in specific zones on the chart, which the market tends to revisit due to the high transaction volume in these areas. The primary purpose of this indicator is to highlight these high-probability areas where the market is likely to return.
Leverage Liquidations Feature:
This indicator incorporates a feature that displays arbitrary liquidation levels, corresponding to various leverage settings common among market participants. Users need to analyze the market and select appropriate leverage settings based on their insights.
Transparency Feature:
The indicator also includes a feature that modulates the transparency of the displayed areas according to their significance, enhancing the visual representation of market activity.
Color Modulation Feature:
This feature modifies the color of the displayed areas depending on their importance.
Using the indicator:
We recommend using this indicator to trade towards and away from significant areas, and to look for reversals when these zones are revisited. Although trading offers no certainties, only probabilities, the significant candles on the chart denote high-probability areas the market frequently revisits. Additionally, zones recovered between 50% - 100% indicate high-probability points where the market might reverse its direction. The probability of a market direction change escalates as more significant areas are recovered sequentially. While there's no strict rule for when these areas are recovered, observing candle colors (green, blue, red, purple) can assist in assessing the velocity of a move to or from a zone. For more effective use of this indicator, determine a trend using other preferred indicators or even a basic EMA. Dedicate time to understanding how these zones are revisited for each specific asset.
Strong Move Up:
Strong Move Down:
Area Recovered Partially:
Significant Areas Are Recovered Sequentially:
Here's how to use the "Leverage Liquidations Feature":
Analyze market leverage tendencies: It's essential for users to undertake their own research into the common leverage settings utilized by market participants for a specific asset. By doing this, they can input these settings into the indicator to gain a better comprehension of potential price movements. Some sensible defaults are included in the default settings.
Visualize the liquidation levels on the chart: After the user has identified the prevalent leverage settings, the indicator will project the corresponding liquidation levels on the chart. These levels signify the points at which numerous leveraged positions would face liquidation, considering the current market price. This data can be instrumental in setting stop losses, establishing profit targets, and predicting potential market movements due to mass liquidations.
Liquidations Levels On BTC 25x + 50x + 100x + 125x:
Here's how to use the Modulation Features:
Areas more likely to be revisited are rendered more opaque, thereby increasing their visibility on the chart. In contrast, areas less likely to be revisited are shown more transparently. This delivers a straightforward visualization of where the bulk of trading activity is occurring. There's also a Dynamic Theme mode that utilizes color, not just transparency, to emphasize important areas.
Main Features:
Significant candles are identified and marked with colors, indicating high-probability areas the market may revisit.
The indicator facilitates the display of arbitrary liquidation levels based on user-defined leverage settings.
Features modulation options that adjust the transparency and color of the areas shown, based on their importance, offering an intuitive grasp of the market. The Dynamic Theme mode greatly enhances market readability.
The indicator can exhibit what we term ghosts, or dead/recovered areas, enabling users to visually identify which areas were recovered.
Fair Value Gaps can be presented alongside significant candles as both denote imbalances in the chart. Nonetheless, we recommend deactivating the Fair Value Gaps feature when showing numerous liquidation levels, allowing for the representation of data across a broader price range. Moreover, it's crucial to recognize that enabling Fair Value Gaps can influence calculations.
Documentation:
The indicator is accompanied by comprehensive documentation detailing all its options for user reference. Additionally, we provide a comprehensive instructional video.
Limitations:
A. The indicator can only showcase a limited amount of areas, so if many liquidation levels are displayed, the price range that can be shown becomes more narrow.
B. Analogous to point (A), activating the Fair Value Gaps Feature also constricts the price range of identified areas.
Recommendation:
If you wish to display more data, employ the indicator multiple times with varying settings. Also, use the 'Hide Normal Vectors' option on all but one indicator so the 'Normal' areas don't overlap.
If you experience frequent timeouts, reduce the 'Maximum Vector Zones' setting (We've found that 350 works adequately).
YinYang Fear and Greed Index (FGI)Overview:
YinYang Fear and Greed Index is used for seeing how people are feeling towards the current price. It works similar to an RSI, but fluctuates differently. Essentially you want to be Greedy when the Index displays Fear and Fearful when it displays Greed. Our Indicator displays a Green Circle (Greed Signal) on the YinYang Fear and Greed Index when there is a large amount of Greed at this price point. It displays a Red Circle (Fear Signal) when there is a large amount of Fear. The Fear and Greed Signals can happen at any Fear and Greed Index but generally they correlate with the Index level. The Fear and Greed Signals are much more important at dictating a swing in momentum than the actual Index itself. The Index is more of a guide and is useful for seeing when the Index level crosses the Ma (the yellow line) as you can see a shift in momentum. However for large swings in momentum, the Fear and Greed Signals should be used. Do NOT Ignore these signals, they are quite powerful at predicting momentum swings.
Tutorial:
As you can see, the Fear and Greed Index looks somewhat similar to an RSI, but it has the ability to gain drastic momentum when there are strong changes in Fear and Greed.
When it comes to identifying buy/sell locations you generally want to ensure 2 things:
For a buy, the Fear and Greed Index (FGI) is less than 30.
For a sell, the FGI is greater than 70.
A signal has occurred. For buy that is the red circle and for sell that is the green circle.
The reason we generally want to ensure these 2 rules is to ensure you have the highest chance of being right with the lowest risk of being wrong. The way you want to use this indicator is; Be Fearful when others are Greedy and Greedy when others are Fearful.
There will be times when a fear or greed signal appears when the index is between 30-70. When these occur, they are still generally strong signal locations that represent a high chance of momentum in the direction they signal, however they face a higher risk of being wrong and therefore shouldn’t be used on its own to make a trade.
In the photo above we can see that the FGI’s color changed from Red to Orange in the candle after the Fear Signal. This happened because there was high price movement right after it (which is normal) and caused the Fear level to drop.
The color the FGI displays is based not off the FGI but by the STATE it is currently in. When the color is Green it is in a state of HIGH GREED, when the color is Red it is in a state of HIGH FEAR. When the color is Teal it is in a state of SLIGHT GREED, when the color is Orange it is in a state of SLIGHT FEAR. These colors hold true for the Information Tables as well.
As we can also see from the example above, it is 100% possible to have a state of HIGH GREED when the FGI is low. For instance look at the Fear (BUY) signals circled. Right before the Fear Signals happened, it was in a state of HIGH GREED (Green). The opposite is also true with Fear. We can have a high state of Fear when the FGI is high. However, please do remember, the lowest risk and best time to make trades is still:
FGI is higher than 70 and there is a Greed Signal = SELL
FGI is lower than 30 and there is a Fear Signal = BUY
You may notice there are sometimes occurrences that we call ‘Oddballs’. These oddballs are quite rare but they do happen and when they do they’re generally in clusters (close together). These Oddballs are when a Greed Signal occurs when the FGI is very low or when a Fear Signal occurs when the FGI is very high. Basically, they are occurring in the opposite location that they are supposed to. These may not seem like they matter but they matter a lot. As you can see based on where the blue vertical lines are, the price moved in the direction the signal identified shortly after the signal.
You may be wondering, are Oddball’s stronger price influencers than the regular signal? The issue with Oddballs is they sometimes CAN BE. But generally they aren’t. They generally do signal price movement will occur in the direction they are influencing, but generally not as much movement as if it occurred properly (Fear signal under 30 or Greed signal above 70).
The takeaway from Oddballs is to acknowledge their existence and potentially use them as markers for smaller purchases or DCA locations. We don’t recommend treating them as a legitimate purchase signal as they generally are weaker and less predictable, but nevertheless don’t dismiss them.
Our Information Tables are there to show you the FGI on 6 different Time Frames at the same time. This can be very useful for knowing how the other Time Frames are fairing while you are trading without needing to constantly change the Time Frame you are on.
For example, you see a Fear Signal on the 1 Day Time Frame, you then swap to the 15 minute Time Frame to find your entry location. Well, once you’re locked into that trade, you’ll likely be fixated on the 15 minute Time Frame. There’s a chance while you’re still waiting for your exit that levels and states of the FGI could change on higher Time Frames. This could drastically influence when and where your exit on the lower Time Frame should be.
This concludes our Tutorial on how to use YinYang Fear and Greed Index (FGI). However, continue reading for a description and better understanding of the Settings available to you for customization within this Indicator.
Settings:
1. Information Tables:
1.1. Show Information Tables:
Our Information Tables display 6 different Time Frames (resolutions) so that you can see the current level of Fear and Greed (FGI) that is prevalent on each Time Frame. There are 4 different states the FGI can be in:
Fear (Red)
Minor Fear (Orange)
Greed (Green)
Minor Greed (Teal)
The color of each Time Frame Cell (on Oscillator and in the table) is based on the following:
Red: Red represents that it is currently in a state of Fear. When it is in a state of fear it means traders are being overly bearish and selling when they likely shouldn’t. While it is in a state of Fear, there is a high chance of BULLISH price movement occurring. Remember, Be Fearful when others are Greedy and Greedy when others are Fearful.
Orange: Orange represents that it is currently in a state of Minor Fear. Minor Fear means that the FGI is less than 50, but it’s not currently in a state of Fear or Greed. While it is in this state, there is a better chance for BULLISH price action than there is bearish but it's nowhere near as likely as when in a state of Fear.
Green: Green represents that it is currently in a state of Greed. When it is in a state of Greed, it means traders are being overly bullish and buying when they shouldn’t. While it is in a state of Greed, there is a high chance of BEARISH price movement occurring.
Teal: Teal represents that it is currently in a state of Minor Greed. Minor Greed means that the FGI is greater than 50, but it’s not currently in a state of Fear or Greed. While it is in this state, there is a better chance for BEARISH price actions than there is bullish; but it’s nowhere near as likely as when its in a state of Greed.
2. Res1 / Res2/ Res3 / Res4 / Res5 / Res6:
These represent the different resolutions (Time Frames) being used in your information tables and can be modified to display whatever resolution works best for your trading style. By default they are:
Res1: Current Timeframe
Res2: 15 Minute
Res3: 1 Hour
Res4: 4 Hour
Res5: 1 Day
Res6: 1 Week
Backup Res (not changeable): 5 Minute (this is only used if your Current Timeframe in Res1 is a duplicate of one of the other resolutions)
Our Fear and Greed Index can be very useful for understanding how people are feeling in the market and when large price swings will occur. Remember, Be Greedy when others are Fearful and Fearful when others are Greedy!
If you have any Questions or Concerns, don’t hesitate to contact us.
HAPPY TRADING!
I11L - Reversal Trading Ideas by Larry ConnorsThis is my own Twist on Larry Connors Simple Tradingideas.
It Combines the RSI, Averaging In and the Lowest Bars in a Single System.
The current Configuration is designed for the Daily Timeframe.
Feel free to play with the Parameters and keep in mind that Larry Intended to buy fear and sell the greed!
The Rules are the following:
---Buy---
Buy, if the lowest Bar of your Configuration has been hit (default is set to 7).
---Average Down--
Buy, if the lowest Bar of your Configuration * Your open trades has been hit AND only if the buyin is atleast 1% cheaper.
---Close---
Close, if the RSI closes above a certain level (default is set to 70).
---TP---
There is no TP
---SL---
There is no SL, so be cautions of your tail Risk!
Levels Of Greed
The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset price over time. It is usually denoted by the letter σ (sigma) and estimated as the standard deviation of the asset price or price returns. The Levels Of Greed indicator helps measure the current price advance in the standard deviation units. It plots seven levels at distances of 1, 2, 3, 4, 5, 6, and 7 standard deviations (sigmas) above the base price (the recent lowest price or lower bound of the established range). In what follows, we will refer to these levels as levels of greed.
HOW TO USE
When the price in its surge reaches a certain level of greed, it means that it has surged from its recent lowest value by a corresponding number of standard deviations. The indicator helps traders see the maximum levels to which the price may rise and estimate the potential height of the current surge. Five-seven sigma surges are relatively rare events and correspond to significant market exuberance. Careful traders and shorter-term ones would not want to participate in the bandwagon effect and herd behavior that drive market bubbles. They prefer to take their profits when the market is not exceedingly overbought.
SETTINGS
Window : the averaging window or period of the indicator. The algorithm uses this parameter to calculate the base level and standard deviations. Higher values are better for measuring deeper and longer surges.
Levels Stability : the parameter used in the up-move detection. The higher the value is, the more stable and long the greed levels are, but at the same time, the lag increases. The lower it is, the faster the indicator responds to the price changes, but the greed levels are recalculated more frequently and are less stable. This parameter is mostly for fine-tuning. It does not change the overall picture much.
Mode : the parameter that defines the style for the labels. In the Cool Guys Mode, the indicator displays the labels as emojis. In the Serious Guys Mode, labels show the distance from the base level measured in standard deviation units or sigmas.
Levels Of Greed [AstrideUnicorn]The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset price over time. It is usually denoted by the letter σ (sigma) and estimated as the standard deviation of the asset price or price returns. The Levels Of Greed indicator helps measure the current price advance in the standard deviation units. It plots seven levels at distances of 1, 2, 3, 4, 5, 6, and 7 standard deviations (sigmas) above the base price (the recent lowest price or lower bound of the established range). In what follows, we will refer to these levels as levels of greed.
HOW TO USE
When the price in its surge reaches a certain level of greed, it means that it has surged from its recent lowest value by a corresponding number of standard deviations. The indicator helps traders see the maximum levels to which the price may rise and estimate the potential height of the current surge. Five-seven sigma surges are relatively rare events and correspond to significant market exuberance. Careful traders and shorter-term ones would not want to participate in the bandwagon effect and herd behavior that drive market bubbles. They prefer to take their profits when the market is not exceedingly overbought.
SETTINGS
Window : the averaging window or period of the indicator. The algorithm uses this parameter to calculate the base level and standard deviations. Higher values are better for measuring deeper and longer surges.
Levels Stability : the parameter used in the up-move detection. The higher the value is, the more stable and long the greed levels are, but at the same time, the lag increases. The lower it is, the faster the indicator responds to the price changes, but the greed levels are recalculated more frequently and are less stable. This parameter is mostly for fine-tuning. It does not change the overall picture much.
Mode : the parameter that defines the style for the labels. In the Cool Guys Mode , the indicator displays the labels as emojis. In the Serious Guys Mode , labels show the distance from the base level measured in standard deviation units or sigmas.
Crypto Fear & Greed IndexCrypto Fear & Greed Index
Crypto Fear & Greed Index is a metric to gauge sentiment levels in the crypto market.
The index starts from 0 to 100, with 0 meaning “Extreme Fear” (a potential bottom signal as investors are overly worried), and 100 meaning “Extreme Greed” (a potential top signal as investors are overly bullish).
Why Measure Fear and Greed?
In most markets, participants tend to be emotional with their behavior. Market participants often get overly greedy and FOMO when prices are on a euphoric rise, whilst they also tend to be overly fearful when prices are down and irrationally selling their positions at a loss.
Using the Crypto Fear and Greed Index
The Crypto Fear and Greed Index is commonly used to time entry into the market. As such, the Index is seen as less of an investment research tool and more of a market-timing tool. As stated by Warren Buffet, “Be fearful when others are greedy, and greedy when others are fearful.”
Calculation of the Crypto Fear and Greed Index
The Crypto Fear and Greed Index is based on three different factors – each factor is gauged from 0 to 100 and equally weighted to generate the index value.
The three factors are:
1. Stable coin flows
If there is a market sell-off and investors are expecting the value of their crypto investment to decline, they may rotate into stable coins as a safe haven.
As such, we look at the general trend of stable coins volume and activity to measure if the market is greedy or fearful.
2. Market Momentum
The performance of the top 18 coins relative to its 30-day average. A greater relative performance indicates greed and vice versa.
3. Top 18 Coins Price Strength
The number of coins of the top 18 coins hitting 90-days highs relative to those hitting 90-days lows. A greater number of coins hitting 90-days highs versus 90-days lows indicates greed and vice versa.
Fear and Greed Intraday IndexThis script uses all of the sub-components of my 'Fear and Greed Index' which can be used on intraday timeframes. Most of the components of this script are based on the popular fear and greed index website and are briefly described in the code comments.
Several of the subcomponents have been recalculated to use RSIs instead of being compared to moving averages, which means as opposed to being used a contrarian timing indicator as the daily timeframe Fear and Greed Index is, this indicator now may potentially be used more like a momentum indicator.
It's up to you!
Enjoy!
Fear and Greed Index CandlesticksThis colours the candlesticks based on my 'Fear and Greed Index'.
All calculations are explained in the code.
The index is mainly based upon the components of the popular fear and greed index website. I've annotated the components in the code for you to look at.
If you're interested, you can replace the final variable 'Total' (within the 'barcolor' function at the very end) with any of the final outputs of the subcomponents to see the results of that single part.
Red = Greed
Green = Fear
Enjoy!
Fear and Greed IndexI couldn't find one based on the original, so I made my own, it's not quite identical, but it does the job.
Red = greed
Green = fear
I updated a lot of the subcomponents and fixed a bug. I've reduced the smoothing to 1, it was previously 5 if you prefer smoother signals. Also added a McClellan oscillator.
I've commented out the plotting of individual sub-components, just uncomment them to see what they do. Some look like pretty useful indicators on their own.
Enjoy!
FEAR & GREED INDICATORBINANCE:BTCUSDTPERP
Hello
The crypto index, which is currently only for Bitcoin, captures bearish and bullish trends by gauging investor sentiment for the coin. As the name suggests, the market trend is identified based on two emotions – fear and greed.
This configurations are set for 1D BTC charts
This is simple script, based on cheatcountry script
Enjoy ;)
ST_greed_spot_exampleA simple grid long strategy. The first entry into the transaction is carried out according to the "double bottom" pattern, then when the average entry price decreases by a certain percentage, the position is completed. Dobor is always carried out for the same amount of funds. Take profit with an increase in the average entry price for a given volume
Alferow_pnl_up_shortThis script allows you to determine the leverage required to enter one position based on the set entry price, the price of the expected take profit, stop loss and risk per transaction. It also allows you to schedule this transaction for 5 possible transactions, with different shoulders and a martingale coefficient for each subsequent gain at the same risk, allowing you to qualitatively improve the pnl of the transaction with price fluctuations after entering the transaction. The script is designed for short positions.
Fear N GreedOverview
The goal of this script was to apply the concept of Herd Mentality. While one voice may seem unique, when you combine all the voices together they average out and show an overall emotion of the herd. We should be able to apply this concept to indicators, giving us the Fear and Greed of the markets.
How to Use
Buy when there is fear and sell when there is greed. Pay attention to changes in direction of the indicator. If the data is fearful and the data is starting to change direction, it signals that it's probably a good time to buy because greed is slowly starting to enter the market. You can use this indicator in any time frame, just check the past data to determine how useful it will be for that specific period.
Options
Smoothing : This will smooth the data. Try to stay around 5-15. High values will cause the indicator to lag
Line Width : Visually changes the width of the data line
Top Band +- : Moves the top band up or down
Bot Band +- : Moves the bottom band up or down
Mid Band Width : Adjusts the width of the middle region
Fear Alert Level >= : Sets when the alert will start to trigger
Greed Alert Level >= : Sets when the alert will start to trigger
Indicators
There are multiple indicators used in this script. I used the Stochastic RSI to measure strength in the market. This combines well with the MACD indicator by giving you really good entry and exit points. There is an indicator combining money flow and rate of return to give a basic emotion of the data. I also included breadth and momentum and several others to help gauge the direction of the market. I then normalize all of the indicators between 0-100 so that I can get an overall average, smooth the noise, and ultimately plot the data.
Bands
While making this script I noticed flowing regions of the data that would act as support and resistance so I did my best to calculate where they might fall. I essentially take the high and low data points from various lengths averaging them and then apply a smoothing filter to the band. I then noticed that between the bands there was a significant region that acted as a middle resistance and support. I decided the best way to make this region was to take the average high + average low of the data and divide it by 2 to get the center region. The reason I did this instead of just using the mid point of the bands was because when the data stays in a similar region it creates resistance, so it's more accurate to base the mid point on a shorter time frame rather than the overall bands of higher timeframes.
Alerts
Alerts are set up based on the change in data direction. If you set Fear as the alert for Fear Alert >= it will wait for a change in direction if the data is greater than or equal to the selected Fear level.
When setting alerts, make sure to use Once Per Bar Close as the option. There are 3 alert types: Fear Alert, Greed Alert, and Fear and Greed Alert. Fear and Greed Alert will combine the alerts into one message so that it's usable for free accounts. Fear Alert and Greed Alert will only message for those specific positions.
(VIP) Contrarian Reversal Zones Script is showing potential reversal zones on chart, based on calculations of High/Low of selected period, smoothing it with selected type of Moving Average and applying Standard Deviation. Preferred to be used for contrarian traders. Another alternative usage would be to lock profit from open positions as this is very often early warning before reversal ahead.
If you're interested with access to indicator, please contact me via DM (private message) on Tradingview.com ;)
Simplified Crypto Fear & Greed DisplayA more simplified view of a Fear & Greed index.
This script has been made public because it uses Trading Psychology - Fear & Greed Index by DGT as the basis/inspiration for it.
I've re-imagined the visuals in order to display F&G data differently to the more traditional versions of the indicator floating around, as well as adapting it's calculations and reference assets for use with Crypto markets.
It's aim is to show the current status / mindset of market participants at a quick glance.
When there is a lot of fear in the market it is usually a good time to look for buying opportunities.
On the flip side you can use it to spot selling opportunities when there is too much greed / FOMO in the markets.
This indicator has the option for Traditional and Crypto markets.
The Traditional option uses the tickers VIX and GOLD as part of it's calculations, where as Crypto uses BVOL24H and BTC.D in order to base it's decisions off of more relevant data.
There are also 10 levels of smoothing so play around with that to get the desired result. Depending on the asset you are looking at, smoothing of 1 or 2 may work much better than 5+
Have a play around, customize it, use it and let me know what you think.
Fearzone & Greedzone Levels - Contrarian & Breakout (Expo)"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Fearzone & Greedzone Levels - Contrarian & Breakout (Expo) is a contrarian and breakout indicator that gives us an indication when fear and greed begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
This indicator can both be used to identify potential reversal points and be used to identify breakouts from previous Fear and Greed Levels.
The Fearzone and Greedzone can be visualized with candlesticks or with circles depending on what you prefer.
Alert conditions are added.
HOW TO USE
1. Use the indicator to identify when investors are fearful and greedy.
2. Use the indicator to identify potential reversal points.
3. Use the indicator to identify potential breakouts.
INDICATOR IN ACTION
4 hour chart
4 hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
GreedZone indicator - Contrarian Indicator"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Greedzone is a contrarian indicator that gives us an indication when greed begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
The Greedzone is visualized with green candlesticks above the price.
HOW TO USE
1. Use the indicator to identify when investors are greedy.
2. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
1 hour chart
5 min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Fear And Greed IndicatorThe Fear And Greed Indicator is a very popular indicator on the Bloomberg platform and since I didn't have actual source code to work with, this is a very close approximation of that indicator. Let me know if you spot any discrepancies with the original and I will do my best to fix them.
For buy and sell signals it is pretty straightforward. Just buy when the green (greed) is in control and sell when the fear (red) is in control
This was a special request so let me know if you want to see more scripts from me or if you want something custom!
Fear & Greed Index-BuschiThis is an attempt to mimic the CNN Money "Fear & Greed Index": money.cnn.com
It's far from perfect, because the exact numbers can be a bit far off. Still, the highs and lows are quite on target. Alas, CNN does not give away too much information on how the index is calculated.
Feedback is most welcome.
