MoneyOrForexInMyName

Modified DCA Strategy - Crypto Fear/Greed Index

This indicator uses historical crypto fear and greed index (0-100) data and labels the low points (extreme fear) and the high points (extreme greed).

The strategy is to DCA at the points of extreme fear, and to sell at points of extreme greed.

When backtested, profit margins are significantly higher than regular DCA strategy.

Not financial advice. Use at your own risk.
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This indicator may be used one of two ways -

1. DCAing at each point of extreme fear (<15) and holding as you would with regular DCA strategy

2. Swing trading from positions of extreme fear (<15) to positions of extreme greed (>60).

Both methods have been backtested and are profitable with previous price data.

Please note that the indicator can only provide daily values, so it works best on the daily TF or higher.
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data input
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update #3
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data fix
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Backtest results coming soon
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Pinescript is so annoying!!!!!!!!!!!!
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pinescript blows update #2
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EXTREME FEAR
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Compile error fixed
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Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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.

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