CFGI is a multifactorial sentiment indicator for cryptocurrency analysis, which considers the most critical parameters that determine the psychology of the market to give a result that defines the level of fear or greed in the market.
Great idea and execution! Saw that you've also included correlation with other altcoins (dominance). Will be interesting to include CFGI before making a cryptocurrency trading decision. One thing I couldn't figure - does the green colour indicate more fear or does it signify more greed?
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Maker
@yassersultan Thanks for asking @yassersultan .
The green color indicates more greed, but if it's not clear on the website, that's something we have to improve.
@victor17 yes that will be helpful. As the coins I checked are neutral with an orangish shade so it was difficult to ascertain
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great product launch on Crypto Fear and Greed Index @victor17 quick inquiry is CFGI commercially available by API?
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Maker
@onamadekorede not by now! but it could be in the near future :)
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Looks very good! thank you for sharing.
What have you planed for after the beta? Will it be a fully paid product? Also, do you have an explanation about each indicator - for example, I don't understand what is the "Impulse", how to use it, and what it is based on. I think it is important for anyone that would make decisions about investing money, what each of the indicators is based on and how it is calculated.
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Maker
@seemyself There always will be a free version of CFGI.io. But we might consider having a paid version including additional indicators with unique features, like prediction correlation with token prices.
Yes, we do have an explanation on the token page, at the bottom :)
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Maker
CFGI is a 100% free product!
We have developed CFGI.io to have a view of the market analysis based on sentiment for four different temporalities of the top 20 tokens in the market. The CFGI index is composed based on eight sentimental analyses.
In a long-term investment strategy, the idea of CFGI is simple; in times of Extreme Fear can be an excellent opportunity to enter the market, and oppositely in Extreme Greed, times can be a perfect opportunity to exit.
But if the idea is to do day-trading or scalping, we can join a strong feeling of recent greed in a shorter timeframe, but we can also follow the previous strategy if we assume correct risk control.
The CFGI's beta version includes the top 20 strongest cryptocurrencies on the market (that minimizes the risk of investing in tokens that are too speculative or in danger of fraud). But if we receive good feedback, we will extend it to more tokens.
Please, let me know if you have any doubt or suggestion!
I think this is the best crypto fear and greed index I have ever seen. A comprehensive analysis of many variables. I think I will use it as my bible for my long-term investments in cryptocurrencies.
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