Fearzone & Greedzone Levels - Contrarian & Breakout (Expo)

11 Jun 2020

"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Fearzone & Greedzone Levels - Contrarian & Breakout (Expo) is a contrarian and breakout indicator that gives us an indication when fear and greed begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.

This indicator can both be used to identify potential reversal points and be used to identify breakouts from previous Fear and Greed Levels.

The Fearzone and Greedzone can be visualized with candlesticks or with circles depending on what you prefer.

Alert conditions are added.


HOW TO USE

1. Use the indicator to identify when investors are fearful and greedy.
2. Use the indicator to identify potential reversal points.
3. Use the indicator to identify potential breakouts.


INDICATOR IN ACTION

4 hour chart



4 hour chart




I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!


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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!

12 Jun 2020

Nota Keluaran

ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


Best
Zeiierman

20 Jun 2020

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The user has the ability to enable Zones.

4 Hour chart



Best
Zeiierman

26 Jun 2020

Nota Keluaran

The user can now enable "Show Confirmed Zones?"

Best
Zeiierman

25 Dis 2020

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Improvements!

• Performance Improvements
  
• Alerts Added
  

28 Dis 2020

Nota Keluaran

Minor performance Improvements

7 Apr 2021

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Improvements!

• Improved computing performances
  
• Minor changes
  

2 Jan 2024

Nota Keluaran

Performance Improvements