PROTECTED SOURCE SCRIPT
Mavara Market Mood
"Mavara Market Mood" is a fundamental-based Indicator that shows the overall mood of the financial markets.
When people are willing to buy USD as a reserve currency against other instruments and feel uncertain and don't want to risk their trades, the Market Mood is Risk-OFF.
Conversely, When the traders are optimistic about the economic situation and are willing to sell USD against other instruments, the Market Mood is Risk-ON.
While DXY is trending up and US500 is trending down, the indicator shows a risk-OFF mood with red and refers to the traders' eagerness to make riskier trades.
While DXY is trending down and US500 is trending up, the indicator shows a risk-ON mood with green and refers to the traders' reluctance to make riskier trades.
When you find the histogram below zero, the market is on a high-risk-Off mode. Conversely, When you find the histogram above zero, the market is in a high-risk-ON mood.
In summary, you can buy USDCAD in a risk-OFF mood and sell it in the risk-on mood.
When people are willing to buy USD as a reserve currency against other instruments and feel uncertain and don't want to risk their trades, the Market Mood is Risk-OFF.
Conversely, When the traders are optimistic about the economic situation and are willing to sell USD against other instruments, the Market Mood is Risk-ON.
While DXY is trending up and US500 is trending down, the indicator shows a risk-OFF mood with red and refers to the traders' eagerness to make riskier trades.
While DXY is trending down and US500 is trending up, the indicator shows a risk-ON mood with green and refers to the traders' reluctance to make riskier trades.
When you find the histogram below zero, the market is on a high-risk-Off mode. Conversely, When you find the histogram above zero, the market is in a high-risk-ON mood.
In summary, you can buy USDCAD in a risk-OFF mood and sell it in the risk-on mood.
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