OPEN-SOURCE SCRIPT
Risk-On / Risk-Off Composite (Elliot) – Macro+Vol Upgrade v2
drop-in upgrade of indicator that adds three optional macro components with adjustable weights:
Inverted VIX (risk-on when down → we use 100/VIX)
Inverted MOVE (bond vol; risk-on when down → we use 1/MOVE)
Inverted DXY (USD; risk-on when down → we use 1/DXY)
Inverted VIX (risk-on when down → we use 100/VIX)
Inverted MOVE (bond vol; risk-on when down → we use 1/MOVE)
Inverted DXY (USD; risk-on when down → we use 1/DXY)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.