INVITE-ONLY SCRIPT

Risk Criteria Score Histogram V2

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

Trend Risk – Activated when price is below the 20-day EMA.

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

Momentum Risk – 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:

🟩 0 – No risk signals (favorable environment)

🟨 1 – Mild caution

🟧 2 – Elevated risk

🟥 3 – 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.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.