Modified Mannarino Market Risk Indicator by TraderHalai

oscillator trendanalysis volatility risk market mannarino debt gdp us10y

This indicator is meant to give an overall indication of risk and a very basic implementation of the modified mannarino market risk indicator. I take no credit for the original formula, and just decided to hack this together so that it could be useful to the community

Release Notes:

Update comment to reflect code

Release Notes:

Update shot to show S & P futures as comparison

Release Notes:

Update timeframe to be 'daily' instead of dynamic. Tradingview doesn't like lower timeframes.

Release Notes:

Percentile axis / label

Release Notes:

Bug fix to correct GDP data now represented as Trillions by Tradingview. Recalibrate percentiles based on past maximum MMMRI values

Release Notes:

Use GDPPOT instead of GDP - more recent data.
Use lookback period instead of hardcoded value

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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