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Composite Panic Index
ENGLISH VERSION
Composite Panic Index (Gold + VIX + DXY)
Overview
The Composite Panic Index is a multi-asset indicator designed to identify periods of market-wide fear and uncertainty by combining three key macro components:
VIX (CBOE Volatility Index): measures market fear via implied volatility
DXY (US Dollar Index): reflects USD strength as a safe haven
Gold (XAUUSD): traditional store of value during uncertainty
Instead of relying on news or subjective interpretation, this indicator measures how the market behaves under stress, providing an objective view of panic conditions.
Core Logic
Momentum Extraction
For each asset (Gold, VIX, DXY), the indicator calculates a short-term rate of change (ROC) to detect acceleration and shifts in market sentiment.
Normalization (Z-score)
Each component is normalized using a Z-score to:
Align different assets into a comparable scale
Remove bias from price magnitude differences
Highlight statistically abnormal movements
Composite Score
All components are combined into a single value using a weighted average and smoothed with an EMA. This produces the Composite Panic Score.
Indicator Components
Composite Panic Score (white line): represents the overall panic level
Panic Level (orange line): threshold for elevated uncertainty
Extreme Panic Level (red line): threshold for strong panic conditions
Background color:
Orange = panic regime
Red = extreme panic regime
Signals:
PANIC = new panic phase
EXT = new extreme panic phase
Table:
Displays Gold, VIX, and DXY direction, current score, and regime
Filters and Confirmation
Optional filters ensure that panic is only detected when:
Gold is rising
VIX is rising
DXY is rising
Signals are confirmed over multiple bars to reduce noise and false positives.
How to Use
Low values: normal conditions
Medium values: increasing uncertainty
High values: panic environment
The most relevant moments are when panic or extreme panic begins, often associated with volatility expansion and strong market movements.
This indicator should be used as a context tool, not as a standalone entry signal.
Limitations
Not all panic is synchronized across assets
Gold and DXY may diverge depending on macro conditions
The indicator does not read news directly, only market reactions
Summary
The Composite Panic Index transforms macro behavior into a single readable metric, helping identify when markets are driven by fear.
VERSIÓN EN ESPAÑOL
Composite Panic Index (Oro + VIX + DXY)
Descripción
El Composite Panic Index es un indicador multi-activo diseñado para identificar momentos de miedo e incertidumbre en el mercado combinando tres referencias clave:
VIX: mide el miedo mediante volatilidad implícita
DXY: refleja la fortaleza del dólar como activo refugio
Oro (XAUUSD): activo refugio tradicional
En lugar de basarse en noticias, el indicador mide directamente cómo reacciona el mercado ante situaciones de estrés.
Lógica interna
Cálculo de momentum
Se utiliza el ROC (rate of change) para detectar aceleraciones y cambios de sentimiento.
Normalización (Z-score)
Se aplica Z-score para:
Igualar escalas entre activos
Eliminar sesgos por magnitud de precio
Detectar movimientos anómalos
Score compuesto
Se combinan los tres activos mediante una media ponderada y se suaviza con una EMA, generando el nivel de pánico.
Componentes del indicador
Línea principal (blanca): nivel de pánico
Nivel de pánico (naranja)
Nivel de pánico extremo (rojo)
Fondo:
Naranja = pánico
Rojo = pánico extremo
Señales:
PANIC = inicio de pánico
EXT = inicio de pánico extremo
Tabla:
Muestra dirección de oro, VIX y DXY, valor del índice y estado actual
Filtros
Opcionales:
Oro subiendo
VIX subiendo
DXY subiendo
Permiten confirmar que el pánico es coherente entre activos.
Cómo usarlo
Valores bajos: mercado normal
Valores medios: aumento de incertidumbre
Valores altos: entorno de pánico
Los momentos más importantes son cuando comienza el pánico o el pánico extremo.
No es un sistema de entrada, sino una herramienta de contexto y confirmación.
Limitaciones
No siempre hay alineación entre activos
Oro y dólar pueden comportarse de forma distinta
No detecta noticias, solo sus efectos
Resumen
El Composite Panic Index convierte señales macro complejas en un único valor que permite identificar cuándo el mercado está dominado por el miedo.
Composite Panic Index (Gold + VIX + DXY)
Overview
The Composite Panic Index is a multi-asset indicator designed to identify periods of market-wide fear and uncertainty by combining three key macro components:
VIX (CBOE Volatility Index): measures market fear via implied volatility
DXY (US Dollar Index): reflects USD strength as a safe haven
Gold (XAUUSD): traditional store of value during uncertainty
Instead of relying on news or subjective interpretation, this indicator measures how the market behaves under stress, providing an objective view of panic conditions.
Core Logic
Momentum Extraction
For each asset (Gold, VIX, DXY), the indicator calculates a short-term rate of change (ROC) to detect acceleration and shifts in market sentiment.
Normalization (Z-score)
Each component is normalized using a Z-score to:
Align different assets into a comparable scale
Remove bias from price magnitude differences
Highlight statistically abnormal movements
Composite Score
All components are combined into a single value using a weighted average and smoothed with an EMA. This produces the Composite Panic Score.
Indicator Components
Composite Panic Score (white line): represents the overall panic level
Panic Level (orange line): threshold for elevated uncertainty
Extreme Panic Level (red line): threshold for strong panic conditions
Background color:
Orange = panic regime
Red = extreme panic regime
Signals:
PANIC = new panic phase
EXT = new extreme panic phase
Table:
Displays Gold, VIX, and DXY direction, current score, and regime
Filters and Confirmation
Optional filters ensure that panic is only detected when:
Gold is rising
VIX is rising
DXY is rising
Signals are confirmed over multiple bars to reduce noise and false positives.
How to Use
Low values: normal conditions
Medium values: increasing uncertainty
High values: panic environment
The most relevant moments are when panic or extreme panic begins, often associated with volatility expansion and strong market movements.
This indicator should be used as a context tool, not as a standalone entry signal.
Limitations
Not all panic is synchronized across assets
Gold and DXY may diverge depending on macro conditions
The indicator does not read news directly, only market reactions
Summary
The Composite Panic Index transforms macro behavior into a single readable metric, helping identify when markets are driven by fear.
VERSIÓN EN ESPAÑOL
Composite Panic Index (Oro + VIX + DXY)
Descripción
El Composite Panic Index es un indicador multi-activo diseñado para identificar momentos de miedo e incertidumbre en el mercado combinando tres referencias clave:
VIX: mide el miedo mediante volatilidad implícita
DXY: refleja la fortaleza del dólar como activo refugio
Oro (XAUUSD): activo refugio tradicional
En lugar de basarse en noticias, el indicador mide directamente cómo reacciona el mercado ante situaciones de estrés.
Lógica interna
Cálculo de momentum
Se utiliza el ROC (rate of change) para detectar aceleraciones y cambios de sentimiento.
Normalización (Z-score)
Se aplica Z-score para:
Igualar escalas entre activos
Eliminar sesgos por magnitud de precio
Detectar movimientos anómalos
Score compuesto
Se combinan los tres activos mediante una media ponderada y se suaviza con una EMA, generando el nivel de pánico.
Componentes del indicador
Línea principal (blanca): nivel de pánico
Nivel de pánico (naranja)
Nivel de pánico extremo (rojo)
Fondo:
Naranja = pánico
Rojo = pánico extremo
Señales:
PANIC = inicio de pánico
EXT = inicio de pánico extremo
Tabla:
Muestra dirección de oro, VIX y DXY, valor del índice y estado actual
Filtros
Opcionales:
Oro subiendo
VIX subiendo
DXY subiendo
Permiten confirmar que el pánico es coherente entre activos.
Cómo usarlo
Valores bajos: mercado normal
Valores medios: aumento de incertidumbre
Valores altos: entorno de pánico
Los momentos más importantes son cuando comienza el pánico o el pánico extremo.
No es un sistema de entrada, sino una herramienta de contexto y confirmación.
Limitaciones
No siempre hay alineación entre activos
Oro y dólar pueden comportarse de forma distinta
No detecta noticias, solo sus efectos
Resumen
El Composite Panic Index convierte señales macro complejas en un único valor que permite identificar cuándo el mercado está dominado por el miedo.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.