Zeiierman

Fearzone (Expo) - Contrarian Indicator

"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Fearzone is a contrarian indicator that gives us an indication when fear begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.

The Fearzone is visualized with red candlesticks below the price.


This version of the FearZone indicator is slightly different from the one ©kruskakli has published.


HOW TO USE

1. Use the indicator to identify when investors are fearful.
2. Use the indicator to identify potential reversal points.


INDICATOR IN ACTION

1 hour chart



5 min chart



I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!


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Disclaimer


Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!
Release Notes: Alerts added.

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Zeiierman
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Comments

This is a great script!! The price usually breaks out after the consolidation/fearzone so it's very helpful. Thank you!!
+2 Reply
Zeiierman JasonLeighton
@JasonLeighton, Thank you! I'm glad that you find it useful. :)
Reply
great indicator mate. thank you
+2 Reply
Zeiierman francxisz
@francxisz, Thank you! :D
Reply
good job
+2 Reply
Zeiierman MaghanSmerick
@MaghanSmerick, Thank you! :)
Reply
MaghanSmerick Zeiierman
@Zeiierman, welcome :)
+1 Reply
Thanks for sharing
+2 Reply
Zeiierman Jayadevmanyapu
@Jayadevmanyapu, Enjoy :D
Reply
I think it is a great work
+2 Reply
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