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Carusoinsights

FOMO Indicator - % of Stocks Above 5-Day AvgThe FOMO Indicator plots the breadth indicators NCFD and S5FD below the price chart, representing the percentage of stocks in the Nasdaq Composite (NCFD) or S&P 500 (S5FD) trading above their respective 5-day moving averages. This indicator identifies short-term market sentiment and investor positioning. When over 85% of stocks exceed their 5-day averages, it signals widespread buying pressure and potential FOMO (Fear Of Missing Out) among investors. Conversely, levels below 15% may indicate oversold conditions. By analyzing these breadth metrics over a short time window, the FOMO Indicator helps traders gauge shifts in investor sentiment and positioning.
Pine Script® indicator
by CarusoInsights

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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