This risk indicator uses the extension of the closing price to the 20W SMA and displays a color-coded risk oscillator. The higher the oscillator is, the greater the short-term risk and vice-versa. This indicator has historically worked well for estimating the short-term risk of Bitcoin and Ethereum on a weekly timeframe.
Versionshinweise:
Bumped version to v5 and added smoothing inputs with SMA and EMA.
Versionshinweise:
Updated the risk color by using HSL gradient and added a toggle to enable/disable the fill.
Versionshinweise:
- Added a vertical and horizontal gradient toggle alongside the existing fill toggle
Versionshinweise:
- Removed dead code