OPEN-SOURCE SCRIPT
CRR Nemesis Fear & Greed Pro
It measures 4 market indicators:
ATR → volatility.
Relative Volume (rVOL) → whether there is more or less volume than average.
Price distance from the moving average (SMA 50) in ATR → how much the trend has extended.
Candlestick shape → size of the body and wicks (who is dominating, bulls or bears).
It calculates two scores (0–100):
Greed → when:
The candlestick is bullish,
The price is above the SMA 50 (uptrend),
There is a good body, good rVOL, the price is far from the average, high volatility,
A longer upper wick adds a little more.
Fear → when:
The candlestick is bearish,
The price is below the SMA 50 (downtrend),
Similarly: strong body, rVOL, distance from the average, volatility,
A longer lower wick adds a little more.
Both scores are smoothed with a 3-period EMA (greedSmoothed and fearSmoothed).
It determines the overall market sentiment (HUD):
ANGEL (greed dominates):
Greed ≥ 55 and Greed − Fear ≥ 10.
DEVIL (fear dominates):
Fear ≥ 55 and Fear − Greed ≥ 10.
If neither condition is met → NEUTRAL.
HUD on screen (table in the upper right corner):
Displays:
STATUS: ANGEL / DEVIL / NEUTRAL (with color).
FEAR: smoothed fear value.
GREED: smoothed greed value.
🧠 In simple terms:
It's a market sentiment engine: it combines volume, ATR, distance from the trend, and candlestick shape to tell you if the market is experiencing strong fear, strong greed, or is neutral, and displays it clearly in a HUD.
ATR → volatility.
Relative Volume (rVOL) → whether there is more or less volume than average.
Price distance from the moving average (SMA 50) in ATR → how much the trend has extended.
Candlestick shape → size of the body and wicks (who is dominating, bulls or bears).
It calculates two scores (0–100):
Greed → when:
The candlestick is bullish,
The price is above the SMA 50 (uptrend),
There is a good body, good rVOL, the price is far from the average, high volatility,
A longer upper wick adds a little more.
Fear → when:
The candlestick is bearish,
The price is below the SMA 50 (downtrend),
Similarly: strong body, rVOL, distance from the average, volatility,
A longer lower wick adds a little more.
Both scores are smoothed with a 3-period EMA (greedSmoothed and fearSmoothed).
It determines the overall market sentiment (HUD):
ANGEL (greed dominates):
Greed ≥ 55 and Greed − Fear ≥ 10.
DEVIL (fear dominates):
Fear ≥ 55 and Fear − Greed ≥ 10.
If neither condition is met → NEUTRAL.
HUD on screen (table in the upper right corner):
Displays:
STATUS: ANGEL / DEVIL / NEUTRAL (with color).
FEAR: smoothed fear value.
GREED: smoothed greed value.
🧠 In simple terms:
It's a market sentiment engine: it combines volume, ATR, distance from the trend, and candlestick shape to tell you if the market is experiencing strong fear, strong greed, or is neutral, and displays it clearly in a HUD.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.