OPEN-SOURCE SCRIPT
Fear and Greed Intraday Index
This 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!
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!
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