Skywalking2874

BTCUSD Risk Oscillator

- To be used with the BTCUSD All Time History Index (on the daily)
- Estimates the current risk of BTCUSD
- The risk model oscillates between 0 and 1 (0 is the lowest risk, 1 is the highest)
- Historically, buying when the risk is low and selling when the risk is high yields good ROI
- User inputs generally do not need to be changed, they are used to create integers for the normalization process
Release Notes: User Inputs:
- Moved inputs for the current cycle min/max values
- Added inputs for the weighting of each indicator that makes up the overall risk level
Release Notes: - Added Price/52W EMA Indicator
- Added Price/400D SMA Indicator
- Added background colors for the risk indicator
Open-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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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