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!
Phát hành các Ghi chú
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updated to make it consistent with my other indicators
"Just buy when the green (greed) is in control and sell when the fear (red) is in control" don't you mean the opposite? we have to buy when fear is dominating the market, not sell!
dinumechaguy
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Hi, Thank you for providing nice indicator. Can you please let me know how to set trigger when color changes?
cheatcountry
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@dinumechaguy, When the indicator is above 0 it turns green and when it is below 0 it turns red
great but its wrong way around! DO THE OPPOSITE OF WHAT HE SAYS HERE - 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