Short Term Bubble Risk — Indicator by zkdev

simplemovingaverage oscillator risk oscillaltor bitcoin ethereum cryptocurrency moving_average

This risk indicator uses the extension of the closing price to the 20W SMA and displays a color-coded risk oscillator. The higher the oscillator is, the greater the short-term risk and vice-versa. This indicator has historically worked well for estimating the short-term risk of Bitcoin and Ethereum on a weekly timeframe.

Release Notes:

Bumped version to v5 and added smoothing inputs with SMA and EMA.

Release Notes:

Updated the risk color by using HSL gradient and added a toggle to enable/disable the fill.

Release Notes:

- Added a vertical and horizontal gradient toggle alongside the existing fill toggle

Release Notes:

- Removed dead code

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?