My greed and fear indicator… on a chart!
This is another rabbit hole I’m working on, in parallel to the other rabbit holes you guys have sent me on!
I’m experimenting the use of “% distance from moving average” to give me a tangible/playable price related indicator. Of coarse you could say… greed can last and accumulate to a greater degree than I could imagine (ie bubbles)… and fear can strengthen it’s grips on the crowd for extended periods of time, longer than anticipated.
That is why I’m adding other tools in conjuncture to increase my chance of having a better “read”.