OPEN-SOURCE SCRIPT

Weighted RiskONess

Mis à jour

Revision of tedtalksmacro's risk-on metric. Number go up means global markets are more risk-on; number go down means more risk-off. Weights now allow you to adjust the weights of various elements of the indicator. These are exponentials with the weight being the power / 10.

I.e. setting gold's weight to 10 takes it's value ^ (10 / 10). Setting it to 5 would square root it (^5/10 = ^1/2) while 20 would square it (^20/10 = ^2).

A green line means "riskONess" has gone up in the last day, red means down.

Resolution minimum for the indicator is 1D due to TradingView's limitations.

Notes de version

Uncapped weights. Negative weights will effectively let you treat them as inverse elements (GOLD is risk-off, but a -10 weight would treat it as risk on).

Also option for EMA.

Notes de version

V3 allows you to select up to 8 elements and designate any of them as risk-on or risk-off indicators.

Weights similar, though no negative values (just turn it risk-on or risk-off)

EMA available, defaults to OFF.

Notes de version

Added 2 factor slots for up to 10 factors.

Also changed line color to gray if no change in indicator value.

Notes de version

Updated it to allow users to select the timeframe they want rather than fixing it at 1D.

Note: at timeframes lower than 1D, this sometimes causes the script to hang, never load, or throw an error. Haven't been able to isolate why.

Notes de version

Last edit was a bit hasty, forgot to uncomment some code.

Notes de version

Last of update spam.
Added deviations: triangles are bullish/bearish deviations, arrows hidden bullish/bearish.

Notes de version

Fixed error.
Lower timeframes sometimes don't work. If so, try removing and re-adding securities individually. Looking into the what and why it's doing this.

Notes de version

♦Improved UI for settings menu
♦Fixed VIX - formerly was making lower timeframes hang if used

Notes de version

Typo + had RiskOn/Off switched after UI update.

Notes de version

Updated to 10 default risk indicators (5 on, 5 off).
Updated RiskON ribbon for better look.

Notes de version

♦now allows 12 factors
♦can select whether your asset is risk on or off
♦now shows deviations between the selected asset and risk-on or risk-offness. If riskON is up and the asset is down the deviation is denoted with a "+". If RiskON is down and the asset is up, it's denoted with a "-".
♦cleaned up inputs into groups. MUCH cleaner and easier to navigate now
♦ditched old deviations as they generally registered too slowly to be actionable.

Notes de version

Added bullish/bearish divergences.

Notes de version

Fixed bug

Notes de version

Fixed issue with candles being wrong color.

Notes de version

Updated default 10 elements to extend before 2018.

Added ability to toggle between candle color being based on close > prev. close (default) or close vs open (enable "Delta Close Color")

Also added a current-value line.

Notes de version

Better chart preview

Notes de version

Better chart

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Austimize

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