PROTECTED SOURCE SCRIPT
Fear & Greed Index Viprasol Elite
🎯 VIPRASOL ELITE FEAR & GREED INDEX
A comprehensive market sentiment indicator that combines 7 key components to provide a real-time Fear & Greed reading from 0-100.
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📊 SEVEN CORE COMPONENTS:
1. S&P 500 Moving Average - Measures price momentum relative to moving average
2. Price Strength - 52-week high/low positioning across NYSE stocks
3. Market Breadth - McClellan Summation Index tracking advancing vs declining stocks
4. Put/Call Ratio - Options market sentiment indicator
5. VIX Volatility - Fear gauge deviation from average
6. Safe Haven Demand - Relative demand for stocks vs bonds
7. Junk Bond Demand - Risk appetite through high-yield bond spreads
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🎨 KEY FEATURES:
✅ Visual Semicircular Gauge - Color-coded from red (fear) to green (greed)
✅ 5 Color Themes - Viprasol Cyber, Classic, Ocean, Fire, Monochrome
✅ Custom Component Weights - Adjust importance of each indicator
✅ Adjustable Calculation Periods - Fine-tune all timeframes
✅ Alert System - Notifications for extreme fear/greed levels
✅ Real-time Arrow Pointer - Shows current market sentiment
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📈 HOW TO USE:
EXTREME FEAR (0-25): Potential buying opportunity, market oversold
FEAR (25-45): Cautious sentiment, possible reversal zone
NEUTRAL (45-55): Balanced market conditions
GREED (55-75): Optimistic sentiment, monitor for pullbacks
EXTREME GREED (75-100): Potential selling opportunity, market overbought
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚙️ CUSTOMIZATION OPTIONS:
📊 Calculation Engine: Adjust periods for all 7 components
🎨 Visual Settings: Toggle labels, gauge zones, and arrow display
🌈 Color Schemes: Choose from 5 professional themes
💎 Weight System: Customize component importance (Advanced)
🔔 Alert Levels: Set custom thresholds for notifications
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚠️ DISCLAIMER:
This indicator is for educational and informational purposes only. It should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions. Past performance does not guarantee future results.
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📌 BEST USED WITH:
- Stock indices (S&P 500, Nasdaq, Dow Jones)
- Major ETFs (SPY, QQQ, IWM)
- Daily or higher timeframes
- Trend analysis and market timing strategies
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
💡 PRO TIPS:
- Use extreme readings as contrarian signals
- Combine with price action and volume analysis
- Monitor for divergences between price and sentiment
- Adjust weights based on your trading style
- Set ale
A comprehensive market sentiment indicator that combines 7 key components to provide a real-time Fear & Greed reading from 0-100.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📊 SEVEN CORE COMPONENTS:
1. S&P 500 Moving Average - Measures price momentum relative to moving average
2. Price Strength - 52-week high/low positioning across NYSE stocks
3. Market Breadth - McClellan Summation Index tracking advancing vs declining stocks
4. Put/Call Ratio - Options market sentiment indicator
5. VIX Volatility - Fear gauge deviation from average
6. Safe Haven Demand - Relative demand for stocks vs bonds
7. Junk Bond Demand - Risk appetite through high-yield bond spreads
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🎨 KEY FEATURES:
✅ Visual Semicircular Gauge - Color-coded from red (fear) to green (greed)
✅ 5 Color Themes - Viprasol Cyber, Classic, Ocean, Fire, Monochrome
✅ Custom Component Weights - Adjust importance of each indicator
✅ Adjustable Calculation Periods - Fine-tune all timeframes
✅ Alert System - Notifications for extreme fear/greed levels
✅ Real-time Arrow Pointer - Shows current market sentiment
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📈 HOW TO USE:
EXTREME FEAR (0-25): Potential buying opportunity, market oversold
FEAR (25-45): Cautious sentiment, possible reversal zone
NEUTRAL (45-55): Balanced market conditions
GREED (55-75): Optimistic sentiment, monitor for pullbacks
EXTREME GREED (75-100): Potential selling opportunity, market overbought
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚙️ CUSTOMIZATION OPTIONS:
📊 Calculation Engine: Adjust periods for all 7 components
🎨 Visual Settings: Toggle labels, gauge zones, and arrow display
🌈 Color Schemes: Choose from 5 professional themes
💎 Weight System: Customize component importance (Advanced)
🔔 Alert Levels: Set custom thresholds for notifications
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚠️ DISCLAIMER:
This indicator is for educational and informational purposes only. It should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions. Past performance does not guarantee future results.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📌 BEST USED WITH:
- Stock indices (S&P 500, Nasdaq, Dow Jones)
- Major ETFs (SPY, QQQ, IWM)
- Daily or higher timeframes
- Trend analysis and market timing strategies
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
💡 PRO TIPS:
- Use extreme readings as contrarian signals
- Combine with price action and volume analysis
- Monitor for divergences between price and sentiment
- Adjust weights based on your trading style
- Set ale
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.