OPEN-SOURCE SCRIPT
K08 Risk ON / Risk OFF VNINDEX
Advanced RORO Market Scanner is a multi-timeframe market regime indicator that measures Risk-On/Risk-Off conditions using weighted momentum (63, 126, 189, and 252-day ROC) relative to its EMA equilibrium. By combining Daily and Weekly RORO signals, it classifies market environments into Strong Risk-On, Weak Risk-On, Short-Term Risk-Off, and Strong Risk-Off, helping traders align portfolio exposure with overall market trends.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.