Fear and greed index

The Fear and Greed Index Trigger allows users to automate actions based on the current sentiment of the market, as indicated by the Fear and Greed Index. This trigger is ideal for setting up automated strategies that respond to high levels of market fear or greed, helping users capitalize on sentiment-driven market conditions.

1. Action:

   • Specifies the event being monitored:

     • Fear and Greed Index: Triggers based on the sentiment value of the Fear and Greed Index.

2. Templates:

   • Users can choose from predefined templates based on common sentiment thresholds:

     • Market in Extreme Fear: Activates when the Fear and Greed Index falls below 20, indicating high market fear.

     • Market in Greed: Activates when the index rises above 65, indicating strong market greed.

   • These templates make it easy to configure triggers for significant sentiment conditions without manual setup.

3. Condition:

   • Defines the threshold condition for the index value:

     • <=: Activates when the index value is at or below the specified threshold.

     • >=: Activates when the index value is at or above the specified threshold.

   • Used in conjunction with the Comparison Value to specify the trigger point.

4. Comparison Value:

   • Sets the specific index value threshold for the trigger. For example, setting the value to 20 will activate the trigger if the Fear and Greed Index is at or below this level, indicating "extreme fear."

These fields allow to configure precise automation based on market sentiment, facilitating responsive strategies that adjust according to market fear or greed levels.