🔥 DarkPool's Fear & Greed v4 🔥

DarkPool Fear & Greed v4 is a composite sentiment indicator designed to gauge market psychology in real-time. Unlike standard oscillators that rely on a single metric, this tool aggregates data from four distinct technical sources—RSI, MACD, Bollinger Bands, and Moving Averages—to create a unified "Index Score" ranging from 0 to 100.

Beyond general sentiment, the script employs custom algorithms to detect specific market anomalies, including sustainable buying pressure (FOMO), capitulation events (Panic), and trend reversals (Divergences).

Key Features

Composite Index: A weighted average of Momentum, Trend, Volatility, and Price Location.

Anomaly Detection: Specialized logic to flag high-momentum "FOMO" events and high-volatility "Panic" drops.

Divergences: Automatically spots bearish and bullish discrepancies between the sentiment index and price action.

Live Dashboard: A real-time data table displaying current sentiment zones, intensity scores, and volume ratios.

How to Use

1. The Fear & Greed Index The main oscillator line moves between 0 and 100 to visualize market sentiment:

0-20 (Extreme Fear): Deeply oversold; potential capitulation or buying opportunity.

20-40 (Fear): General bearish sentiment.

40-60 (Neutral): Indecisive market.

60-80 (Greed): General bullish sentiment.

80-100 (Extreme Greed): Overbought conditions; potential for a pullback.

2. Visual Signals

FOMO (Triangle Up): Marks candles with excessive buying volume and RSI momentum.

Panic (Triangle Down): Marks candles with sharp percentage drops and volatility spikes.

Divergences (Circles): distinct markers appear when price action contradicts the sentiment index, often signaling a reversal.

3. The Dashboard Located on the chart, the dashboard provides a snapshot of the current market state, including the specific "Intensity" of FOMO or Panic events and a Volume-to-MA ratio to gauge participation.

4. Alerts The script is fully integrated with the alert system. You can set alerts for "Any alert() function call" to receive dynamic notifications for FOMO detections, Panic drops, Extreme Zone entries, and confirmed Divergences.

Disclaimer This indicator is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a guarantee of future results.