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.
Notas de prensa
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Bumped version to v5 and added smoothing inputs with SMA and EMA.
Notas de prensa
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Updated the risk color by using HSL gradient and added a toggle to enable/disable the fill.
Notas de prensa
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- Added a vertical and horizontal gradient toggle alongside the existing fill toggle
that's your indicator, with a. uhm.. some mustard on it.
zkdev
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@kaigouthro, looks pretty cool! Is there any documentation or example scripts I could use to implement that?
NASDAQ-Trading
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@legroszach, extColor(ext) => if ext > 100 color.new(#b22623, 1) else if ext >= 75 color.new(#eb6f39, 1) else if ext >= 50 color.new(#f0b74b, 1) else if ext >= 25 color.new(#f4ff5f, 1) else if ext >= 0 color.new(#7df653, 1) else if ext >= -25 color.new(#78f9f5, 1) else if ext >= -50 color.new(#0600f0, 1) else color.new(#05008d, 1) Please color display horizontally.
zkdev
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@NASDAQ-Trading, I posted an update to the indicator recently.
NASDAQ-Trading
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@legroszach, oh. yea thanks. but, this color is vertically. Would you please, Horizontally? can possible?
zkdev
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@NASDAQ-Trading, I made a new update where you can toggle between a vertical and horizontal gradient in the indicator settings. You can also disable the fill and have a line plot.
NASDAQ-Trading
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oh good Then, I'll order one more expression. This is a different story.
Based on the above index color expression, %k value in stochastics slow 10.5.5 Yellow when over 80, red when over 90. Green when below 20, Black when below 10. How are you? Thank you very much.
zkdev
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@NASDAQ-Trading, I'm not sure I totally understand your request. Are you asking for a stochastic oscillator of this risk metric with coloration or you're asking for a generic stochastic oscillator with coloration?
NASDAQ-Trading
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@legroszach, Please coding the Stochastic Slow 10 5 5 %K with overbought starting at 80 and oversold starting at 20 or below.
culturalLemur59476
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thank you😍😍😍 it is replica of Benj Koen indicator.
or
if you used:
import kaigouthro/hsvColor/15
:)
that's your indicator, with a. uhm.. some mustard on it.