Fear and Greed Indicator [DunesIsland]

The Fear and Greed Indicator [DunesIsland] is a TradingView indicator that measures market sentiment using five metrics. It displays:

• Tiny green circles below candles when the market is in "Extreme Fear" (index ≤ 25), signalling potential buys.
  
• Tiny red circles above candles when the market is in "Greed" (index > 75), indicating potential sells.
  

Purpose: Helps traders spot market extremes for contrarian trading opportunities.Components (each weighted 20%):

• Market Momentum: S&P 500 (SPX) vs. its 125-day SMA, normalized over 252 days.
  
• Stock Price Strength: Net NYSE 52-week highs (INDEX:HIGN) minus lows (INDEX:LOWN), normalized.
  
• Put/Call Ratio: 5-day SMA of Put/Call Ratio (USI:PC).
  
• Market Volatility: VIX (VIX), inverted and normalized.
  
• Stochastic RSI: 14-period RSI on SPX with 3-period Stochastic SMA.
  

Alerts:

• Buy: Index ≤ 25 ("Extreme Fear - Potential Buy").
  
• Sell: Index > 75 ("Greed - Potential Sell").