Tools/Risk meter
Market regime

Risk-On Risk-Off Meter

Score a manual macro snapshot from equity index, volatility, dollar, yen cross, gold, and credit-spread inputs.

Use calculator How it works

Give the macro backdrop a single score.

Turn a macro snapshot into a simple risk-on, neutral, or risk-off read.

TOOL 11

How to use the Risk-On Risk-Off Meter

  1. Enter percentage changes for equity index, VIX, DXY, AUDJPY, and gold.
  2. Enter credit spread change in basis points.
  3. Read the score from -100 to +100.
  4. Use the regime label as context for FX and index trades.
  5. Recheck after major news or session changes.

Formula

Positive score = more risk-on inputs Negative score = more risk-off inputs Inputs are normalized and capped so one field cannot dominate completely

Example

Rising equities, falling volatility, softer dollar, stronger AUDJPY, softer gold, and tighter credit spreads usually push the meter toward risk-on.

What to watch

  • This is a manual scoring model, not a live market feed.
  • Inputs can conflict. A mixed score is useful because it warns against forcing a regime.
  • Risk-on/risk-off context should support a trade plan, not replace one.

Frequently asked questions

What does risk-on mean?+
It describes markets favoring growth, carry, equities, and higher-beta assets.
What does risk-off mean?+
It describes defensive flow, often toward cash, safe-haven currencies, bonds, or lower-risk assets.
Why include AUDJPY?+
AUDJPY is often watched as a broad risk sentiment proxy because it combines a growth-sensitive currency with a funding/safe-haven currency.

Keep the plan connected to the account.

xTriel watches MT5 equity, drawdown, sessions, and alerts after the calculator work is done.

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