Risk On / Off Indicator

Smart Money Confidence is a model that aggregates indicators reflecting sentiment among investors that tend to use the stock market to hedge underlying positions. Or, they're just contrarian investors who prefer to sell into a rising market and buy into a declining one.

Time Frame: Medium Term | Update Schedule: Daily | Source: SentimenTrader

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Construction:

This indicator looks at the indicators listed on our Risk On / Risk Off Overview page and calculates the percentage of indicators that are considered to be 'risk on'.

It's risk-on when it crosses above 67 and stays in that condition until it crosses below 35.

it's risk-off when it crosses below 35 and stays in that condition until it crosses above 67.

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