Discussing the article: "Price Action Analysis Toolkit Development (Part 37): Sentiment Tilt Meter"
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Check out the new article: Price Action Analysis Toolkit Development (Part 37): Sentiment Tilt Meter.
Market sentiment is one of the most overlooked yet powerful forces influencing price movement. While most traders rely on lagging indicators or guesswork, the Sentiment Tilt Meter (STM) EA transforms raw market data into clear, visual guidance, showing whether the market is leaning bullish, bearish, or staying neutral in real-time. This makes it easier to confirm trades, avoid false entries, and time market participation more effectively.
We are now in Part 37 of the Price Action Analysis Toolkit Development series. My overarching goal has always been to develop practical tools that assist traders in interpreting market behavior—and, where appropriate, automate aspects of that analysis. To date, we have introduced standalone MQL5 utilities, external integrations, and hybrid solutions. Today, we further expand the toolkit with another valuable and pragmatic addition.
Data visualizations often become cluttered due to overlapping labels, excessive indicators, and ad-hoc annotations, which obscure the underlying signal changes and rationale. This ambiguity hampers decision-making, undermines confidence in rule-based systems, and complicates the creation of reliable audit trails essential for disciplined automation.
The Sentiment Tilt Meter (STM) addresses this issue by aggregating candle-level directional metrics across configurable timeframes into a unified, smoothed scalar score ranging from -100 to +100. This score is displayed within a compact, collision-avoidant dashboard layout. Persistent annotations, such as arrows and text labels, are precisely anchored to bar close timestamps, ensuring that each alert can be independently verified by timestamp and price level.
Author: Christian Benjamin