OPEN-SOURCE SCRIPT
已更新 Simplified Crypto Fear & Greed Display
A 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.
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.
發行說明
Slight code cleanup/fix開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。