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OPEN-SOURCE SCRIPT

Modified Mannarino Market Risk Indicator

By TraderHalai
Updated
This indicator is meant to give an overall indication of risk and a very basic implementation of the modified mannarino market risk indicator. I take no credit for the original formula, and just decided to hack this together so that it could be useful to the community
Release Notes
Update comment to reflect code
Release Notes
Update shot to show S & P futures as comparison
Release Notes
Update timeframe to be 'daily' instead of dynamic. Tradingview doesn't like lower timeframes.
Release Notes
Percentile axis / label
Release Notes
Bug fix to correct GDP data now represented as Trillions by Tradingview. Recalibrate percentiles based on past maximum MMMRI values
Release Notes
  • Use GDPPOT instead of GDP - more recent data.
  • Use lookback period instead of hardcoded value
debtGDPmannarinomarketOscillatorsriskTrend AnalysisUS10YVolatility

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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