Zeiierman

Fearzone (Expo) - Contrarian Indicator

"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Fearzone is a contrarian indicator that gives us an indication when fear begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.

The Fearzone is visualized with red candlesticks below the price.


This version of the FearZone indicator is slightly different from the one ©kruskakli has published.


HOW TO USE

1. Use the indicator to identify when investors are fearful.
2. Use the indicator to identify potential reversal points.


INDICATOR IN ACTION

1 hour chart



5 min chart



I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!


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Disclaimer


Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!
Notes de version: Alerts added.

Best
Zeiierman
Notes de version: Improvements!

  • Improved computing performances
  • Minor changes
Notes de version:
  • Minor Changes
Notes de version: Improvements!

  • Copyright update
  • Minor Changes
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte 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 les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Commentaires

This is a great script!! The price usually breaks out after the consolidation/fearzone so it's very helpful. Thank you!!
+3 Répondre
Zeiierman JasonLeighton
@JasonLeighton, Thank you! I'm glad that you find it useful. :)
Répondre
Thanks for the wonderful script. This is one of the best TV Community contribution. Blessings and Gratitude.
+2 Répondre
great indicator mate. thank you
+2 Répondre
Zeiierman francxisz
@francxisz, Thank you! :D
Répondre
good job
+2 Répondre
Zeiierman MaghanSmerick
@MaghanSmerick, Thank you! :)
Répondre
MaghanSmerick Zeiierman
@Zeiierman, welcome :)
+1 Répondre
Thanks for sharing
+2 Répondre
Zeiierman Jayadevmanyapu
@Jayadevmanyapu, Enjoy :D
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