OPEN-SOURCE SCRIPT

Weighted RiskONess

Aktualisiert
Revision of tedtalksmacro's risk-on metric. Number go up means global markets are more risk-on; number go down means more risk-off. Weights now allow you to adjust the weights of various elements of the indicator. These are exponentials with the weight being the power / 10.

I.e. setting gold's weight to 10 takes it's value ^ (10 / 10). Setting it to 5 would square root it (^5/10 = ^1/2) while 20 would square it (^20/10 = ^2).

A green line means "riskONess" has gone up in the last day, red means down.

Resolution minimum for the indicator is 1D due to TradingView's limitations.
Versionshinweise
Uncapped weights. Negative weights will effectively let you treat them as inverse elements (GOLD is risk-off, but a -10 weight would treat it as risk on).

Also option for EMA.
Versionshinweise
V3 allows you to select up to 8 elements and designate any of them as risk-on or risk-off indicators.

Weights similar, though no negative values (just turn it risk-on or risk-off)

EMA available, defaults to OFF.
Versionshinweise
Added 2 factor slots for up to 10 factors.

Also changed line color to gray if no change in indicator value.
Versionshinweise
Updated it to allow users to select the timeframe they want rather than fixing it at 1D.

Note: at timeframes lower than 1D, this sometimes causes the script to hang, never load, or throw an error. Haven't been able to isolate why.
Versionshinweise
Last edit was a bit hasty, forgot to uncomment some code.
Versionshinweise
Last of update spam.
Added deviations: triangles are bullish/bearish deviations, arrows hidden bullish/bearish.
Versionshinweise
Fixed error.
Lower timeframes sometimes don't work. If so, try removing and re-adding securities individually. Looking into the what and why it's doing this.
Versionshinweise
♦Improved UI for settings menu
♦Fixed VIX - formerly was making lower timeframes hang if used
Versionshinweise
Typo + had RiskOn/Off switched after UI update.
Versionshinweise
Updated to 10 default risk indicators (5 on, 5 off).
Updated RiskON ribbon for better look.
Versionshinweise
♦now allows 12 factors
♦can select whether your asset is risk on or off
♦now shows deviations between the selected asset and risk-on or risk-offness. If riskON is up and the asset is down the deviation is denoted with a "+". If RiskON is down and the asset is up, it's denoted with a "-".
♦cleaned up inputs into groups. MUCH cleaner and easier to navigate now
♦ditched old deviations as they generally registered too slowly to be actionable.
Versionshinweise
Added bullish/bearish divergences.
Versionshinweise
Fixed bug
Versionshinweise
Fixed issue with candles being wrong color.
Versionshinweise
Updated default 10 elements to extend before 2018.

Added ability to toggle between candle color being based on close > prev. close (default) or close vs open (enable "Delta Close Color")

Also added a current-value line.
Versionshinweise
Better chart preview
Versionshinweise
Better chart
riskonriskoffTrend Analysis

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

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