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Market Stress Oscillator
The Market Stress Oscillator is based on the Williams VIX Fix (WVF) and extends it into a bi-directional stress indicator – measuring stress on both the bear side (classic WVF) and the bull side (inverse WVF). JMA smoothing reduces noise without lag, and an ADX filter ensures that only trend-confirmed stress events are rated as relevant. Peak-hold event markers identify stress peaks that frequently correlate with short-term extreme points.
Screenshot coming soon
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Features
Usage: Open the Pine Editor on TradingView, copy the code from the GitHub repository and paste it.
This script is an idea for developing your own Pine Script indicators. It does not constitute investment advice and serves exclusively as technical learning material. Use at your own risk.
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