Market Sentiment and Sideways level

5

Ideally, this is we hope:

  • The good numbers on news should make the related currency become stronger,
  • and the bad numbers on news should make the related currency become weaker.

But the fact is:

  • The good numbers on news that has been written on the economic news calendar could not always instantly make the related currency become stronger.
  • and vice versa, the bad numbers could not always instantly make the related currency become weaker.

Before placing new position:

  • We need to know which actually strengthened or weakened between the related currency after the news released.
  • The market reaction to an economic news or a central bank speech, is market sentiment.


What is Market Sentiment indicator

  • This indicator is designed to see opportunities in economic news events, or during a central bank speech.
  • Market Sentiment indicator is monitoring the movement of currency index strength between USD and Euro at the event.
  • Regardless of the numbers in economic news, Market Sentiment has conclusion which actually strengthened or weakened between USD and Euro.
  • Market Sentiment is a technical indicator that contains the results of the fundamentals.
  • Market Sentiment has 5 reflections of market action in time frame: H1, H4, Daily and Weekly:
    1. USD strengthened, and Euro weakened
    2. USD weakened, and Euro strengthened
    3. USD and Euro in sideways (mixed)
    4. USD and Euro are both strengthening
    5. USD and Euro are both weakening.
  • The green represents strengthen, and red represents weakening.
  • Before actually strengthening occurs, it will start with a number gradually ascending from red to green.
  • Before the weakening occurs, it will start with a number that gradually decreases from the green to red.
  • This is suitable for trade EURUSD, USDCHF, GBPUSD and EURGBP.


How to use Market Sentiment

  1. Look at the website that providing a real time Economic News Calendar,
  2. Change the time setting to match your location.
  3. Wait for news that have a Moderate or High Volatility as market expected.
  4. At the time news announced, wait for 15 minutes for monitoring Market Sentiment.
  5. Usually, within 15 minutes then Market Sentiment has conclusion which is strongest and weakest between USD and Euro,
  6. or even range bound (sideways).
  7. Market Sentiment can also be used for scalping.


Input parameters

  • Suffix Currency Pair - Leave it empty if your broker does not have suffix currency pair. e.g. EURUSD, USDCHF, and so on. If your broker has suffix like EURUSDm, EURUSDi, etc, then you should enter with m, i, and so on. Default is empty.
  • Display Jump-Fall Daily-Weekly - true is for displaying "how far" price will jump or fall. Default is true.
  • Display text-price - true is for displaying the price on jump/fall levels. Default is true.
  • leftmargin - is margin left for displaying Market Sentiment. Default is 50.
  • bottmargin - is margin bottom for displaying Market Sentiment. Default is 80.
Reviews 3
Frank Paetsch
7452
Frank Paetsch 2021.03.07 10:12 
 

good Indicator, thank you

cvdestyfx
2900
cvdestyfx 2020.01.16 02:27 
 

The indicator has a number of useful features that can be enabled or disabled according to the user's preference. Seller is friendly and quick to provide support and to make adjustments/updates when needed.

Dennis22779
972
Dennis22779 2018.09.09 07:53 
 

Very nice tool to confirm the trade before enter in the market.

In combination with price action it is really an treasure.

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Hello traders :) After   12 years   of serving users on   A2SR   MT4 and MT5 products, now is the time for me to launch a flagship EA product : TRADER's SAVIOR . A Next-Generation Gold Scalping Expert Advisor Engineered for precision, stability, and consistent performance from low capital. Starting from an initial capital of $300  only:   2026 , 2025 , 2020 - 2026 . Direct use ,   no need to require a special SET file . Minimum qualifications required for your broker. Account type : RAW/Raw
Current event:  https://c.mql5.com/1/326/A2SR2025_NoMusic.gif A2SR for MT5 Automated Actual Support & Resistance + Trading Instruments. --   Guidance   : -- at   https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- and  https://www.mql5.com/en/users/yohana/blog    Powerful, Genuine, and Time-Saving For Smarter Trading Decision     +  EA-Compatible Objects . Key Advantages Leading Actual SR Levels (Not Lagging, Not Repainting) After years of proven reliability on MT4 since 20
The Seismograph Marketquake Detector . No matter way you trade, you definitely want to avoid entry in the low liquidity market. - The seismograph will help you the right time to enter the market before market rally. However, even though you have made sure to entry at market times that should be busy, the fact is that many people are often trapped in markets with low liquidity. After several hours of waiting, the market suddenly became busy, but... it turned out that many people were now in the
Trade Only the True Breakouts that truly matter . True Breakouts is a high-precision MT5 indicator that detects real market breakouts using a genuine and proprietary breakout pattern - a rare concept not found in conventional indicators. True Breakouts identifies real breakouts using : a unique proprietary pattern, delivering higher accuracy, clear breakout confirmation directly on your MT5 chart and can be used on all symbols in MT5 accounts. (forex, commodities, indices, stocks, crypto, bond
Current event:  https://c.mql5.com/1/326/A2SR2025_NoMusic.gif A. What is A2SR ?   * It's a leading technical indicator (no repaint, no lagging). -- Guidance : -- at   https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- and  https://www.mql5.com/en/users/yohana/blog A2SR has a special technique in determining the levels of Support ( demand ) and Resistance ( supply ) . Unlike the ordinary way that we seen on the net, A2SR has a original concept in determining actual SR levels.
UEX Reader  - Expert Advisor Full Automated Trading EA that works based on  UEX indicator . UEX Reader uses two flexible trading method options: Normal and Averaging Style. Trading positions can be executed individually or simultaneously according to the market direction identified by the UEX indicator. Even though UEX Reader works with an indicator, it can still be tested in the MT5 Tester. - - - Steps to use UEX Reader Expert Advisor :  https://www.mql5.com/en/market/product/166805/comments
FREE
Key Breakout and Jump/Fall levels. No lagging. No repaint. Trend line is useful for detecting pattern, which is intended for the triangle pattern, Support & Resistance lines, and as a breakout up or down line.  The trend lines are formed first before the price of the pair reach it. So it does not repaint.  Each line has a description, such as Support, Resistance, Current-Support as key breakout down, and Current-Resistance as a key breakout up.  Each broke out line turns into a new support or re
Semi Automated EA for working as your trading assistant. Overview Trading planner will make you act like professional traders in real markets. Before entering markets, they make a plan for their trades, screening out all opportunities in all time frames. Trading Planner can be used for all Time Frames (M1 ~ MN). Simply draw trendline as a trend and Support/Resistance . At this version , market opportunities will be taken by trendline using strategy of 1, 2, 3 . Simply draw the trendline by defin
Trades Manager MT4
Yohana Parmi
5 (3)
What Trades Manager can do for your trades . Collect all order positions into one chart (pict. 1). All orders will be grouped by pair symbol , sum of order positions, lots, running pips, and profit/losses. All orders will be summarized and displayed at the bottom of the panel. You can set target profit, stop loss and placing stop-profit automatically to each order (pict. 4). From one chart, it will be easier to monitor and manage all orders without moving to another chart. The green color is sur
The Seismograph Marketquake Detector . No matter way you trade, you definitely want to avoid entry in the low liquidity market. - The seismograph will help you the right time to enter the market before market rally. However, even though you have made sure to entry at market times that should be busy, the fact is that many people are often trapped in markets with low liquidity. After several hours of waiting, the market suddenly became busy, but... it turned out that many people were now in the o
* Due to the  authenticity of data for all major currencies , — use of  live charts  is  recommended . Get UEX Reader - Expert Advisor for free: https://www.mql5.com/en/market/product/166805 What is UEX Pure USD Euro Index : Discover the real pulse of the forex market with Pure USD & Euro Index — an innovative indicator that truly reveals the hidden strength and weakness between the world’s two most powerful currencies . Instead of relying on a single pair like EURUSD, this tool measures the
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Frank Paetsch
7452
Frank Paetsch 2021.03.07 10:12 
 

good Indicator, thank you

Yohana Parmi
11770
Reply from developer Yohana Parmi 2021.03.07 11:58
🙏 Thank very much,
- - God bless you 🌻
cvdestyfx
2900
cvdestyfx 2020.01.16 02:27 
 

The indicator has a number of useful features that can be enabled or disabled according to the user's preference. Seller is friendly and quick to provide support and to make adjustments/updates when needed.

Dennis22779
972
Dennis22779 2018.09.09 07:53 
 

Very nice tool to confirm the trade before enter in the market.

In combination with price action it is really an treasure.

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