OPEN-SOURCE SCRIPT
Mannarino Market Risk Indicator
Updated
The Mannarino Market Risk Indicator is an easy way to measure market risk for stocks.
It considers the value of the dollar and the prevailing yield on the dollar to surmise
risk of exposure to the equity market.
A lower value represents a lower risk environment for stocks. A higher value represents
a higher risk environment for stocks.
Default water marks are set as follows:
50 is considered low risk
400 is considered extreme risk
It considers the value of the dollar and the prevailing yield on the dollar to surmise
risk of exposure to the equity market.
A lower value represents a lower risk environment for stocks. A higher value represents
a higher risk environment for stocks.
Default water marks are set as follows:
50 is considered low risk
400 is considered extreme risk
Release Notes
This version is not overlaid on the main chart. This version highlights the risk indicator by low (green), moderate (yellow), high (orange), and extreme (red) risk levels.
This version no longer displays a high and low water mark.
Release Notes
Use the close rather than the average bar price.Release Notes
Add risk level indicator tableRelease Notes
Fix chartRelease Notes
Remove commentsRelease Notes
update to pine script v5optionally show a simple moving average of the MMRI
Release Notes
added data table with current 10yr yield, relative dollar value, and oil price. adjusted table color transparencyRelease Notes
Improved display for the data table in the bottom right. Release Notes
Fix the time interval for the data table to always show "Daily" close / percent change.Release Notes
minor changes to formatting in the data table to remove unnecessary % and $Release Notes
update chartOpen-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 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.