Fear And Greed Indicator

The Fear And Greed Indicator is a very popular indicator on the Bloomberg platform and since I didn't have actual source code to work with, this is a very close approximation of that indicator. Let me know if you spot any discrepancies with the original and I will do my best to fix them.

For buy and sell signals it is pretty straightforward. Just buy when the green (greed) is in control and sell when the fear (red) is in control

This was a special request so let me know if you want to see more scripts from me or if you want something custom!
Notes de version: updated to make it consistent with my other indicators
Notes de version: fixed an error with the inputs
Notes de version: fixed issue with default resolution
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 ?


Hi, Thank you for providing nice indicator. Can you please let me know how to set trigger when color changes?
+7 Répondre
cheatcountry dinumechaguy
@dinumechaguy, When the indicator is above 0 it turns green and when it is below 0 it turns red
+3 Répondre
dinumechaguy cheatcountry
@cheatcountry, Thank You for the info
cheatcountry dinumechaguy
@dinumechaguy, yw let me know if you have any other questions!
"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett
when everyone is scared is when you should consider buying opportunities.
cheatcountry LewisSteen
@LewisSteen, yep great advice
Thank you for your codes.
Do green bars mean "Greedy" while red bars mean "Fear" ?
cheatcountry Bruce-JSH
@Bruce-JSH, yes that is correct
Bruce-JSH cheatcountry
@cheatcountry, Thank you for the reply.
hey I wanted to ask for this script that you have have you combined it with the emas? also do you have link to a YouTube video