The reason sits somewhere else
Stock indices react to other markets: gold, oil, the dollar, volatility. This tool draws them together from the New York open and shows with one light whether money is moving into risk or out of it.
The index turns, and the reason sits somewhere else: gold, the dollar, the yen, the VIX. You only see it when those markets are on the same screen as the index.
Algorex Risk Pulse draws Nasdaq 100, S&P 500 and Dow next to gold, oil, the Dollar Index, USDJPY, DAX, bitcoin and the VIX, all in percent from the New York open, in one clean chart, with one light on top: risk-on, risk-off or mixed.
The light reads RISK-ON when indices, DAX, bitcoin and USDJPY rise while dollar and VIX fall, RISK-OFF for the opposite, and MIXED when the markets disagree. If your broker has no Dollar Index, it is calculated from EURUSD, USDJPY, GBPUSD and USDCAD with the official ICE weights; if there is no VIX, silver takes its place.
It shows whether money is moving into risk or out of it. It gives no entries.
Free for MetaTrader 4.
