PROTECTED SOURCE SCRIPT
Market Risk Indicator

Introducing the easy to use Market Risk Indicator (MRI) which works well on all major Equity Indices and Large-Cap stocks.
It uses a proprietary backtested logic, and a vast improvement over the commonly used VIX indicator which is prone to manipulation via Options at illiquid strikes.
MRI works on all timeframes. My favorite timeframe is Daily.
Usage:
Some further examples published:
NIFTY : 
BANKNIFTY : 
SPX500USD : 
US30 : 
DE30EUR : 
JP225USD : 
TATASTEEL : 
JPM : 
It uses a proprietary backtested logic, and a vast improvement over the commonly used VIX indicator which is prone to manipulation via Options at illiquid strikes.
MRI works on all timeframes. My favorite timeframe is Daily.
Usage:
- Look for deviation between risk (blue plot) and price action. Expected behavior is they move in opposite direction. If a certain instrument is not following this rule, stop.
- If risk increases but price stays rangebound or also spikes; it indicates a fake move. Exit LONG and prepare SHORT once price action confirms the reversal.
- If risk decreases but price stays rangebound or dips; it also indicates a fake move. Exit SHORT and prepare LONG once price action confirms the reversal.
- If magnitude of risk decrease is larger than magnitude of price move up, then enter LONG once price action confirms the upside breakout.
- If magnitude of risk increase is higher than magnitude of price move down, then enter SHORT once price action confirms the downside breakout.
Some further examples published:
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。