RISK-OFF & RISK ON INDEX

This tracks closely to the CNN Fear & Greed Index, but is not exactly the same. This is the Investopedia description of the Fear & Greed Index:

======================================= RISK-OFF & RISK ON INDEX ================================================

1. Stock Price Momentum: Measuring the Standard & Poor's 500 Index (S&P 500) versus its 125-day moving average (MA)

2. Stock Price Strength: Calculating the number of stocks hitting 52-week highs versus those hitting 52-week lows on the New York Stock Exchange (NYSE)

3. Stock Price Breadth: Analyzing trading volumes in rising stocks against declining stocks

4. Put and Call Options: How much do put options lag behind call options, signifying greed, or surpass them, indicating fear

5. Junk Bond Demand: Gauging appetite for higher risk strategies by measuring the spread between yields on investment-grade bonds and junk bonds

6. Market Volatility: CNN measures the Chicago Board Options Exchange Volatility Index (VIX), concentrating on a 50-day MA

7. Safe Haven Demand: The difference in returns for stocks versus treasuries

Each of these seven indicators is measured on a scale from 0 to 100, with the index being computed by taking an equal-weighted average of each of them.
A reading of 50 is deemed NEUTRAL.
Above 50 signals the market with RISK-ON. (GREED)
Below 50, Signals the market with RISK-OFF (FEAR)..

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Risk-OFF Increasing

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Risk-OFF Increasing

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for some reason it seems it not updating automatically.
so, I will put here my script.
you also will be able to uncomments all 7 indicators.
Please give me you feed back
thank you
you can take it and follow it on Pivot Point Forex Factory 24/Feb @ 17:00 GMT