OPEN-SOURCE SCRIPT

Market Sentiment Fear and Greed [AlgoAlpha]

アップデート済
Unleash the power of sentiment analysis with the Market Sentiment Fear and Greed Indicator! 📈💡 This tool provides insights into market sentiment, helping you make informed trading decisions. Let's dive into its key features and how it works. 🚀✨

Key Features 🎯
  • 🧠 Sentiment Analysis: Calculates market sentiment using volume and price data. 📊
  • 📅 Customizable Lookback Window: Adjust the lookback period to fine-tune sensitivity. 🔧
  • 🎨 Bullish and Bearish Colors: Visualize trends with customizable colors. 🟢🔴
  • 🚀 Impulse Detection: Identifies bullish and bearish impulses for trend confirmation. 🔍
  • 📉 Normalized Sentiment Index: Offers a normalized view of market sentiment. 📊
  • 🔔 Alerts: Set alerts for key sentiment changes and trend impulses. 🚨
  • 🟢🔴 Table Visualization: Displays sentiment strength using a gradient color table. 🗂️


How to Use 📖
Maximize your trading potential with this indicator by following these steps:

  1. 🔍 Add the Indicator: Search for "Market Sentiment Fear and Greed [AlgoAlpha]" in TradingView's Indicators & Strategies. Customize settings like the lookback window and trend breakout threshold to suit your trading strategy.
    スナップショット
  2. 📊 Monitor Sentiment: Watch the sentiment gauge and plot changes to detect market sentiment shifts. Use the Normalized Sentiment Index for a more balanced view.
    スナップショットスナップショット
  3. 🚨 Set Alerts: Enable alerts for sentiment flips and trend impulses to stay ahead of market movements.
    スナップショット


How It Works ⚙️
The indicator calculates market sentiment by averaging the volume and closing prices over a user-defined lookback period, creating a sentiment score. It differentiates between bullish and bearish sentiment by evaluating whether the closing price is higher or lower than the opening price, summing the respective volumes. The true sentiment is determined by comparing these summed values, with a positive score indicating bullish sentiment and a negative score indicating bearish sentiment. The indicator further normalizes this sentiment score by dividing it by the EMA of the highest high minus the lowest low over double the lookback period, ensuring values are constrained between -1 and 1. Bullish and bearish impulses are identified using Hull Moving Averages (HMA) of the positive and negative sentiments, respectively. When these impulses exceed a calculated threshold based on the standard deviation of the sentiment, it indicates a significant trend change. The script also includes a gradient color table to visually represent the strength of sentiment, and customizable alerts to notify users of key sentiment changes and trend impulses.

Unlock deeper insights into market sentiment and elevate your trading strategy with the Market Sentiment Fear and Greed Indicator! 📈✨
リリースノート
Added the option to customize the Gauge position.
algoalphafearandgreedmeanreversionsentimentsentimentalanalysistechincalanalysisTrend AnalysistrendfollowertrendfollowingvolumepriceanalysisVolume

オープンソーススクリプト

TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します!無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。

チャートでこのスクリプトを利用したいですか?


🔶15% OFF CODE FOR VIP BUNDLE: 'ALPH4' 🔶(ends soon.)

🚨Get premium: algoalpha.io

🛜Get FREE signals: discord.gg/xCmqTVRexz

❓Do you have feedback or indicator ideas? Join our server to tell us about it!
他のメディア:

免責事項