Fear and Greed Index Candlesticks — Indicator by barnabygraham

oscillator fear greed fearandgreed index candlestick

This colours the candlesticks based on my 'Fear and Greed Index'.

All calculations are explained in the code.

The index is mainly based upon the components of the popular fear and greed index website. I've annotated the components in the code for you to look at.

If you're interested, you can replace the final variable 'Total' (within the 'barcolor' function at the very end) with any of the final outputs of the subcomponents to see the results of that single part.

Red = Greed
Green = Fear

Enjoy!

www.technimentals.net/

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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