Value Zones Indicator.

Value Zones Indicator blends RSI-based momentum exhaustion, distance from the 200-day moving average, and position within a 2-year moving-average valuation band to quantify multi-horizon market stretch.

These components are normalized, averaged, inverted, and smoothed to form a regime-level “temperature” that distinguishes depressed, mean-reversion-favorable conditions from extended, higher-risk environments, with shaded zones highlighting historical extremes for macro risk-on / risk-off timing.

Works best on 1D TOTAL:INDEX, But not limited to does work across multiple assests, Just remember the lower down the MC ladder the less signal you will receive.

As always no one indicator is perfect, So best stacked with others to produce most alpha.

As always enjoy!!