PZ Market Sentiment
This indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading confirmation. It can be used to take a trend-trade approach or a contrarian approach using reversal patterns.
- Find early reversals
- Confirm short-term trades
- Detect indecision on the market
- Take contrarian trades near support and resistance levels
- Trade inside bars confirmed by overall direction of the market
The overall attitude of market participants towards the instrument is portrated using a colored oscillator. The basic usage is the following:
- You can buy when the histogram is green
- You can sell when the histogram is red
- Contrarians can do the opposite near support and resistance lines
- Fast MA: Fast moving average period
- Slow MA: Slow moving average period
- Alerts: Enable or disable alerts of all kinds
SupportI am happy to provide free products but given my limited time, they come without support of any kind. My apologies.
Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.