OPEN-SOURCE SCRIPT
Crypto: Fear & Greed Index [invincible3]
Crypto: Fear & Greed Index [invincible3]
Crypto: Fear & Greed Index is a multi-factor sentiment oscillator designed to estimate crypto market risk appetite directly inside TradingView. Instead of relying on a single RSI or momentum reading, this indicator combines several market proxies into one smoothed 0–100 sentiment index.
The model uses price momentum, volatility behavior, RSI strength, volume pressure, range position, crypto breadth, stablecoin dominance, TOTAL market trend, and BTC dominance context. These factors are auto-normalized into a composite Fear & Greed score.
The oscillator is divided into clear sentiment zones:
0–25: Extreme Fear
25–45: Fear
45–55: Neutral
55–75: Greed
75–100: Extreme Greed
The indicator also includes a market-regime layer to classify conditions as Bull / Risk-On, Bear / Risk-Off, or Mixed / Transition. This helps traders avoid interpreting fear and greed in isolation.
Key features:
• Multi-factor crypto sentiment model
• Auto-normalized Fear & Greed score
• Adaptive dark/light chart colors
• Risk-on / risk-off regime detection
• Crypto breadth using major market symbols
• Stablecoin dominance and BTC dominance context
• TOTAL and TOTAL2 market trend integration
• Fear, Neutral, and Greed oscillator zones
• Dashboard with index value, regime, bias, factor scores, and weights
• Visual Fear-to-Greed meter
• Accumulation, Risk, Trend, and Trim context markers
• Regular bullish and bearish divergence detection
• Divergence plotted on both price chart and oscillator
• Alerts for major sentiment transitions and divergence signals
How to interpret:
Extreme Fear does not automatically mean buy. In a bear regime, fear can continue and price may keep falling. Extreme Fear becomes more useful when the broader regime is improving or when bullish divergence appears.
Extreme Greed does not automatically mean sell. In a strong bull regime, greed can support continuation. However, extreme greed with fading momentum may indicate crowding risk, where trimming or reducing exposure may be considered.
The indicator works best as a sentiment and risk-context tool, not as a standalone buy/sell system. It should be combined with price structure, support and resistance, volume, trend filters, and risk management.
This indicator is designed primarily for crypto markets. It can be applied to BTC, ETH, altcoins, and other crypto symbols. BTC is not the only supported asset; BTC is used as one part of the broader market-context model.
Disclaimer:
This script is for educational and analytical purposes only. It does not provide financial advice. Always use proper risk management and confirm signals with your own trading plan.
Crypto: Fear & Greed Index is a multi-factor sentiment oscillator designed to estimate crypto market risk appetite directly inside TradingView. Instead of relying on a single RSI or momentum reading, this indicator combines several market proxies into one smoothed 0–100 sentiment index.
The model uses price momentum, volatility behavior, RSI strength, volume pressure, range position, crypto breadth, stablecoin dominance, TOTAL market trend, and BTC dominance context. These factors are auto-normalized into a composite Fear & Greed score.
The oscillator is divided into clear sentiment zones:
0–25: Extreme Fear
25–45: Fear
45–55: Neutral
55–75: Greed
75–100: Extreme Greed
The indicator also includes a market-regime layer to classify conditions as Bull / Risk-On, Bear / Risk-Off, or Mixed / Transition. This helps traders avoid interpreting fear and greed in isolation.
Key features:
• Multi-factor crypto sentiment model
• Auto-normalized Fear & Greed score
• Adaptive dark/light chart colors
• Risk-on / risk-off regime detection
• Crypto breadth using major market symbols
• Stablecoin dominance and BTC dominance context
• TOTAL and TOTAL2 market trend integration
• Fear, Neutral, and Greed oscillator zones
• Dashboard with index value, regime, bias, factor scores, and weights
• Visual Fear-to-Greed meter
• Accumulation, Risk, Trend, and Trim context markers
• Regular bullish and bearish divergence detection
• Divergence plotted on both price chart and oscillator
• Alerts for major sentiment transitions and divergence signals
How to interpret:
Extreme Fear does not automatically mean buy. In a bear regime, fear can continue and price may keep falling. Extreme Fear becomes more useful when the broader regime is improving or when bullish divergence appears.
Extreme Greed does not automatically mean sell. In a strong bull regime, greed can support continuation. However, extreme greed with fading momentum may indicate crowding risk, where trimming or reducing exposure may be considered.
The indicator works best as a sentiment and risk-context tool, not as a standalone buy/sell system. It should be combined with price structure, support and resistance, volume, trend filters, and risk management.
This indicator is designed primarily for crypto markets. It can be applied to BTC, ETH, altcoins, and other crypto symbols. BTC is not the only supported asset; BTC is used as one part of the broader market-context model.
Disclaimer:
This script is for educational and analytical purposes only. It does not provide financial advice. Always use proper risk management and confirm signals with your own trading plan.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.