Guerilla Fear/Greed Index Strategy by calebsandfort
By RolandoSantos
Performance Metrics
- Author: RolandoSantos
- Symbol: NASDAQ:TQQQ
- Timeframe: 1 day
- Net P&L: +30,557.18 USD (+308.35%)
- Win Rate: 71.4%
- Profit Factor: 33.922
- Max Drawdown: 939.34 USD (4.91%)
- Total Trades: 7
- Sharpe Ratio: 0.374
Description
This strategy combines NAAIM Exposure Index and the Equity Put/Call Ratio into Fear/Greed Index that oscillates between 0 and 100.It smooths all of these values and enters a trade when Fear reaches a certain threshold and exits when Greed reaches a certain threshold.I don't really know if this is a great indicator or not, but the results on various indexes are pretty good, especially TQQQ.Was inspired by the knowledge gained following RolandoSantos.