OPEN-SOURCE SCRIPT
Updated Modified Mannarino Market Risk Indicator
i was unable to find an accurate enough indicator for debt to gdp ratio. the Fred indicator understates the number. so when you want the current mmmri, youll have to manually change the number for the Debt to gdp ratio in the settings of the indicator,(the multiplier). it also depends on where you get your debt/gdp ratio from. i use the debt clock website for total Debt to gdp ratio which they have currently at the time of writing at 141.88%. ill update it once a week or month to give it more accuracy over the long run.
Release Notes
i was unable to find an accurate enough indicator for debt to gdp ratio. the Fred indicator understates the number. so when you want the current mmmri, youll have to manually change the number for the Debt to gdp ratio in the settings of the indicator,(the multiplier). it also depends on where you get your debt/gdp ratio from. i use the debt clock website for total Debt to gdp ratio which they have currently at the time of writing at 141.88%. ill update it once a week or month to give it more accuracy over the long run.Release Notes
updated risk thresholds and extreme risk colorRelease Notes
added several colors and risk levels for a scenario in which interest rates spike of their own accordRelease Notes
I shifted the threshold for each risk level up 5 to bring the threshold for extreme risk to 165.thank you nobody special finance.
Release Notes
updated the debt/gdp ratio to reflect the most recent reading of total debt to gdp from usdebtclock.orgRelease Notes
update to DEBT/DGP #Release Notes
updated debt/gdp#Release Notes
new Debt/gdp#Release Notes
updated det/gdp ratioRelease Notes
updated debt/gdp #Release Notes
updated the name of one of the risk level to better show my thoughts on the situation if risk level ever gets that high anywayRelease Notes
new debt gdp ratioRelease Notes
added some risk levels and updated the debt to gdp ratioRelease Notes
color changeOpen-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.