Financial Risk Alpha

Here’s the description in English, formatted with `` for TradingView:

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\Financial Risk Alpha\ is a macroeconomic indicator that tracks weekly changes in the \NFCI Risk Index\ (Federal Reserve).
It translates shifts in financial conditions into an easy-to-read histogram:

* \Green bars\ → Loosening of financial conditions (risk-on environment).
* \Red bars\ → Tightening of financial conditions (increased systemic risk).

* \Background shading\ in translucent green/red (CS Alpha style), highlighting the prevailing liquidity regime.
* \Visual signals\: \green arrows below\ the price when conditions flip to risk-on, and \red arrows above\ the price when conditions flip to risk-off.

\Usage\:
Financial Risk Alpha is designed for traders and analysts seeking to align their strategies with global financial risk dynamics. It serves as an \early warning tool\ for shifts in risk appetite, helping anticipate potential turning points in the market.