OPEN-SOURCE SCRIPT
Quotum - The Crypto Fear & Greed Index with RSI Trend
This script combines two tools that help us understand what's happening in the market:
The Fear and Greed Index (FGI): This is like the market's mood indicator. It shows us whether investors are feeling fearful (bearish) or greedy (bullish). If the index is high, people might be too optimistic and a correction could be coming. If it's low, people might be too pessimistic and prices might go up soon.
The Relative Strength Index (RSI): This is a bit like a market speedometer. It tells us whether the price of an asset is moving too fast, which might mean it's about to slow down or reverse. If the RSI is high, the asset might be overbought and its price might fall. If it's low, the asset might be oversold and its price might rise.
By putting these two tools together, we get a better picture of the market. For example, if people are very fearful (low FGI) and an asset is oversold (low RSI), it might be a good time to buy. But remember, these are just tools and should be used as part of a larger trading strategy. Always consider other factors and manage your risks wisely.
The Fear and Greed Index (FGI): This is like the market's mood indicator. It shows us whether investors are feeling fearful (bearish) or greedy (bullish). If the index is high, people might be too optimistic and a correction could be coming. If it's low, people might be too pessimistic and prices might go up soon.
The Relative Strength Index (RSI): This is a bit like a market speedometer. It tells us whether the price of an asset is moving too fast, which might mean it's about to slow down or reverse. If the RSI is high, the asset might be overbought and its price might fall. If it's low, the asset might be oversold and its price might rise.
By putting these two tools together, we get a better picture of the market. For example, if people are very fearful (low FGI) and an asset is oversold (low RSI), it might be a good time to buy. But remember, these are just tools and should be used as part of a larger trading strategy. Always consider other factors and manage your risks wisely.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.