INVITE-ONLY SCRIPT

Risk Criteria Score Histogram V2

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๐Ÿ“Š Risk Criteria Score Histogram
This indicator visualizes a daily risk score ranging from 0 to 3, based on three core market conditions:

Trend Risk โ€“ Activated when price is below the 20-day EMA.

Breadth Risk โ€“ Triggered when net new 52-week highs (NASDAQ + NYSE) are negative.

Momentum Risk โ€“ Flagged when the PPO histogram turns negative.

Each day, the script calculates how many of these criteria are signaling risk-off conditions. The result is plotted as a color-coded histogram:

๐ŸŸฉ 0 โ€“ No risk signals (favorable environment)

๐ŸŸจ 1 โ€“ Mild caution

๐ŸŸง 2 โ€“ Elevated risk

๐ŸŸฅ 3 โ€“ All signals active (risk-off conditions)

This tool helps traders track shifts in market conditions and adjust exposure accordingly. Ideal for macro and swing trading perspectives.

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