The Fear Index Install [patched]
//@version=5 indicator("My Fear Index", format=format.price) fear = (ta.highest(high, 20) - close) / (ta.highest(high, 20) - ta.lowest(low, 20)) * 100 plot(fear, "Fear %", color=color.red)
git clone https://github.com/volatility-labs/fear-index-installer.git cd fear-index-installer the fear index install
Historically, when the Fear Index "spikes" to extreme highs (above 30 or 40), it often signals a market bottom—a potential buying opportunity. //@version=5 indicator("My Fear Index", format=format
//@version=5 indicator("My Fear Index", format=format.price) fear = (ta.highest(high, 20) - close) / (ta.highest(high, 20) - ta.lowest(low, 20)) * 100 plot(fear, "Fear %", color=color.red)
git clone https://github.com/volatility-labs/fear-index-installer.git cd fear-index-installer
Historically, when the Fear Index "spikes" to extreme highs (above 30 or 40), it often signals a market bottom—a potential buying opportunity.