GreedZone indicator - Contrarian Indicator

"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Greedzone is a contrarian indicator that gives us an indication when greed begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.

The Greedzone is visualized with green candlesticks above the price.


1. Use the indicator to identify when investors are greedy.
2. Use the indicator to identify potential reversal points.


1 hour chart

5 min chart

I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!


Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/ideas are only for educational purposes!
Информация о релизе: Minor improvements and Alerts added.

Информация о релизе: Improved alert condition added.

Информация о релизе: Improvements!

  • Improved computing performances
  • Minor changes
Информация о релизе: Improvements!

  • Copyright update
  • Minor changes
Скрипт с открытым кодом

В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.

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Hi Any Indicator For Index Like Banknifty Or Nifty
+3 Ответить
thumbs up
+2 Ответить
Super cool. Thanks for making these.
+1 Ответить
Zeiierman Wallycool01
@Wallycool01, We're glad you like it :D
hi. thx alot. and what about fear indicator?
+1 Ответить
Zeiierman hhhparsa
@hhhparsa, Hi, you find the FearZone indictor here:
Thanks a lot.
I love you.
Thanks again because this great work.
+1 Ответить
Zeiierman Fabiano_Bazilio
@Fabiano_Bazilio, Glad you liked it!
its look very good and profitable, but currently when the green line is appearing I ma taking short position,
but in the same way plz give me some indication to buy also,
+1 Ответить
Zeiierman GoldShravankumar
@GoldShravankumar, Thanks, - Check out FearZone indicator! :)