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.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.