OPEN-SOURCE SCRIPT
Updated Modified Mannarino Market Risk Indicator
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 codeRelease Notes
Update shot to show S & P futures as comparisonRelease Notes
Update timeframe to be 'daily' instead of dynamic. Tradingview doesn't like lower timeframes.Release Notes
Percentile axis / labelRelease Notes
Bug fix to correct GDP data now represented as Trillions by Tradingview. Recalibrate percentiles based on past maximum MMMRI valuesRelease Notes
- Use GDPPOT instead of GDP - more recent data.
- Use lookback period instead of hardcoded value
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.
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.