OPEN-SOURCE SCRIPT
Guerilla Fear/Greed Index Strategy
This strategy combines NAAIM Exposure Index and the Equity Put/Call Ratio into Fear/Greed Index that oscillates between 0 and 100.
It smooths all of these values and enters a trade when Fear reaches a certain threshold and exits when Greed reaches a certain threshold.
I don't really know if this is a great indicator or not, but the results on various indexes are pretty good, especially
TQQQ.
Was inspired by the knowledge gained following RolandoSantos.
It smooths all of these values and enters a trade when Fear reaches a certain threshold and exits when Greed reaches a certain threshold.
I don't really know if this is a great indicator or not, but the results on various indexes are pretty good, especially
TQQQ.Was inspired by the knowledge gained following RolandoSantos.
Open-source script
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