Indicators: ASO

 

ASO:

Indicator ASO (Average Sentiment Oscillator) displays the general market climate.


Author: Scriptor

 

Hi Scriptor,

I've found your indicator very very interesting. I've thinking a lot to produce something like this, and now you've done it. 

For bull line you try to measure to institutional investors force?

For bear line force you measure retail investors, maybe?

Which is best timeframe result to measure the force? m5 for forex? and Indexes?


Thanks.


L.

 
This code repaints. I tried backtesting with EA. trades are different.
Reason: