Based on the Risk Factor
This indicator shows the current Risk state of the market.
Historically, a high risk number was followed by a downtrend (to not say crash) in the market.
The indicator has 2 configuration options : Show Historic and Show Scale
- When Show Historic is checked, a new column is showing with the 3 last market crashes and what was the Risk Value
- When Show Scale is checked, a new column is showing with the 4 different states of the Risk, low - medium - high - extreme