Modified Mannarino Market Risk Indicator

Bitcoin / DollarBitfinex

Description

⋅ Feb 7, 2022 3:09 AM

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

⋅ Feb 7, 2022 3:26 AM

Update comment to reflect code

Release Notes

⋅ Feb 7, 2022 3:30 AM

Update shot to show S & P futures as comparison

Release Notes

⋅ Feb 7, 2022 3:41 AM

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

Release Notes

⋅ Feb 7, 2022 11:00 PM

Percentile axis / label

Release Notes

⋅ Jun 7, 2022 10:51 PM

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

Release Notes

⋅ Jul 11, 2022 1:33 AM

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

Comments

rdoshi22

⋅ Jul 10, 2022 9:22 PM

Very interesting. BTW, when i try to plot GDP alone, the data stops at end of Dec 2021. How r u able to generate mmri data for 2022 having gdp in denominator? Can u also share what is the SHA Trend indicator or where i can find it?

TraderHalai

⋅ Jul 11, 2022 1:17 AM

@rdoshi22, Hey thanks for letting me know about the GDP issue. Looks like tradingview does not have the updated data so I will fix the bug to use a different metric. SHA Trend indicator can be found here:
tradingview.com/script/xAIVWFsY-Smoothed-Heikin-Ashi-Trend-on-Chart-TraderHalai/