INVITE-ONLY SCRIPT

Risk Criteria Score Histogram V2

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📊 Risk Criteria Score Histogram
This indicator visualizes a daily risk score ranging from 0 to 3, based on three core market conditions:

Trend Risk – Activated when price is below the 20-day EMA.

Breadth Risk – Triggered when net new 52-week highs (NASDAQ + NYSE) are negative.

Momentum Risk – Flagged when the PPO histogram turns negative.

Each day, the script calculates how many of these criteria are signaling risk-off conditions. The result is plotted as a color-coded histogram:

🟩 0 – No risk signals (favorable environment)

🟨 1 – Mild caution

🟧 2 – Elevated risk

🟥 3 – All signals active (risk-off conditions)

This tool helps traders track shifts in market conditions and adjust exposure accordingly. Ideal for macro and swing trading perspectives.

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