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Sentiment

Market Sentiment IndicatorMarket Sentiment Indicator Class : hybrid – trend oscillator Trading type : any Time frame : any Purpose : trend detection, reverse points detection Level of aggressiveness : any Indicator «Market Sentiment Indicator» (MSI) is used to detect dominating market sentiments and to search for the points of market sentiments change. Domination of bullish sentiments means that “buy” trades are preferable. In case of bearish sentiments “sell” trades should prevail. Also indicator “MSI” can detect neutral market sentiments (the absence of dominating tendency), which means the presence of flat in the price dynamics. Entering the extreme zones means that current market sentiments may change soon. This may act as a reverse signal. Summarizing «Market Sentiment Indicator» provides additional information for successful trading. Structure of the indicator Indicator consists of the following elements: - Histogram of market sentiments – is presented with 3 color gammas: blue color (bullish sentiments are dominating), red color (bearish sentiments are dominating), red color (neutral sentiments are present in the market), - Red zone – bullish extreme zone, warns that current upward trend is ready for correction. Entering this zone is a signal for partial profit fixation for long positions; - Blue zone – bearish extreme zone, warns that current downward trend is ready for correction. Entering this zone is a signal for partial profit fixation for short positions. Input parameters of the indicator To set up the indicator a “MSI period” parameter is used. It shows how many previous periods are used to calculate the MSI. The bigger the period is the more conservative signals are and vice versa. Rules of trading The main purpose of this indicator is detection of prevailing market sentiments: bullish (blue color of histogram), bearish (red color of histogram) and neutral (green color of histogram). Accordingly in case of bulls’ domination preference should be given to purchases, in the bear market – to sell trades. Neutral state of the market is a reason to trade with no any preferences. Entering the extreme zones is a reason for partial profit fixation of positions opened in current tendency. Exit from the extreme zones is a strong reversal signal.
Pine Script™ indicator
by Trade24Fx
19
Volatility BalanceThis "Volatility Balance" indicator measures volatility from a different perspective. It plots both an upside (green) and downside (red) volatility rating as well as a histogram depicting either the difference between the two or the two combined. First, it calculates the ratio of the candle body (open to close) in relation to the entire candle range (high - low). This is the "candle body size ratio". Secondly, it calculates the "dominance ratio" of the upside volatility (close - low) or downside volatility (high - close), in relation to the entire candle range (high - low) Thirdly, it then uses the above values to derive the upside and downside power. The upside and downside powers are calculated by multiplying the "candle body size ratio" to the upside or downside "dominance ratio" and then to the entire candle range. It then divides this value by the close of the candle to normalize the overall value. After which it then multiplies this final value by 100, to get a percentage value between 0 - 100%. It then averages the upside or downside "power value", using a volume-weighted moving average with the averaging period initially set to 7 periods, but this can be altered in the format settings. The volatility difference or volatility size is displayed as a histogram style behind the green and red upside and downside power lines (depending on which value the user chooses), via an option in the format settings. The volatility difference is the upside minus the downside and the volatility size is the upside and downside added together. In case the user wishes to see EACH candle's power value before it has been averaged with volume, there is an option in the format settings to show each candle's upside or downside "power". If this method is chosen, the histogram will be hidden. There are also various check boxes, in case the user wishes to hide any of the plotted values. The volatility size can determine how much energy has been behind the change in price over the period measured. The volatility difference can determine how much upwards or downward energy is present within the period measured, in other words, the possible direction. The use of the candle body ratio helps to determine the balance between upwards and downwards energy. If it is small, then it implies that there is more of a balance between buyers and sellers and therefore less volatility, as the price hasn't moved as much than if the body of the candle was larger. Smaller values indicate that price may not move as much and therefore lock up your funds longer until price starts to move again. The use of a volume-weighted moving average helps to give higher volume periods more significance towards a possible price shift. --------------------------------------------------------------------------------------------------------------------------- This indicator was originally inspired by the Profit Trailer Feeder add-on and it's volatility groupings. If you don't already have the Profit Trailer Feeder add-on to the Profit Trailer software, and you have now decided to get it, please help me out and use my affiliate link below. It won't cost you any extra, but it helps keep the lights on, so I can create more of these indicators. Kindest Regards Created 2018 - by @Squiggles#8806 LTC Tip Jar: LX4bUBdjiRPsagUbZoAczSGgDC4YqTJL7w Profit Trailer Feeder affiliate link: cryptoprofitbot.com
Pine Script™ indicator
by NigglesSquiggles
2
Bitfinex Sentiment VolumeThis indicator takes the current symbol (ex. BITFINEX:NEOUSD), looks for long and short positions in Bitfinex and displays the total volume of margin positions. When you hover the indicator you can see the total volume in blue, the volume of long positions in green and the volume of short positions in red. This indicator is meant to be combined with the Bitfinex Sentiment Oscillator indicator in order to get the full picture of margin positions.
Pine Script™ indicator
by Aldonio
Bitfinex Sentiment OscillatorThis indicator takes the current symbol (ex. BITFINEX:NEOUSD), looks for long and short positions in Bitfinex and displays an oscillator between -100 and +100. The oscillator represents the dominance between long and short positions where -100 means 100% short dominance, 0 means that the number of positions is even (50%/50% dominance) and +100 means 100% long dominance. In this example, during November's NEO Flash Crash, the oscillator displayed 98.1022 % of long dominance, which basically means that everyone who had a leveraged position was stacked in a domino which eventually resulted in massive liquidations and the dreaded flash crash. This indicator is meant to be combined with the Bitfinex Sentiment Volume indicator in order to get the full picture of margin positions.
Pine Script™ indicator
by Aldonio
Crowd Tracker (work in progress)This indicator/strategy should be used similarly to how you would analyse sentiment data, when the crowd is bullish look to be short, when the crowd is bearish look to be long. It is also is inspired by Elliott wave, as it is looking for ending waves. The crowd tracker uses volume and price data to estimate how many people went long or short in a candle, then adds the candles over a 500 candle period together. A spike in bullishness on the indicator indicates that a bull trend may be over because ending Elliott waves, for example 5s and Cs, are when the crowd are most on board with the trend. The blue lines are a standard deviation (Bollinger Band), between these lines is where a healthy trend would be found. When the Crowd Tracker leaves and re-enters the blue lines this is a sign of a change in trader psychology, as they have reached their maximum confidence in a trend then reversed. This is still work in progress because I want to find a better way to find the tops and bottoms of the Crowd Tracker, so it is set to invite only, after I have completed it I will probably release it in protected so follow me if you want to use it later on :) It is good at spotting entries for cryptos and stock indexes however the exits still need work.
Pine Script™ strategy
by JamesRkaye
34