Risk-On - Risk-Off 3 Alarm System V2
This overlay indicator visually displays the activation status of three key risk criteria directly on the chart using colored labels:
Trend – Flagged red when price is below the 20-day EMA.
Breadth – Flagged red when net new 52-week highs (NASDAQ + NYSE) are negative.
Momentum – Flagged red when the PPO histogram is negative.
The top label shows the total number of risk-off criteria active (0 to 3).
Green dots = condition favorable (risk-on).
Red dots = condition unfavorable (risk-off).
Use this for fast visual confirmation of market conditions and to support allocation or de-risking decisions.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Teclaro directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Teclaro directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.