BTCUSD Risk Oscillator — Indicator by Skywalking2874

oscillator trendanalysis btcusd risk riskrewardratio riskreward

- 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

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.

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