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Market Sentiment for MT5

Market Sentiment is an indicator for MT5. 
Market sentiment is the feeling or tone of a market. Also called investor sentiment, it is generally described as being bullish or bearish :
  • When bulls are in control, prices are going up.
  • When bears are in control, prices are going down.
Markets being driven by emotions, the market sentiment is about feelings whereas fundamental value is about business performance.

Settings : 

  • Range in bars : numbers of bars used for the calculation, at your own convenience, default is 100
  • Price averaging's period : period for averaging prices, at your own convenience, default is 13
  • Show signals : will show an arrow for buy & sell opportunities, at your own convenience, default is true

Buffers : 

  • 0 : Bulls in % (always positive, ie. 75.5%)
  • 1 : Bears in % (always negative, ie. -24.5%)
  • 2 : Long entry, non-null is a signal (always -90)
  • 3 : Short entry, non-null is a signal (always 90)
NB 1 : Bulls + MathAbs(Bears) = 100%
NB 2 : -90 & 90 has been chosen arbitrarily in a graphical purpose.



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