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Sentiment Ratio

The Sentiment Ratio indicator gauges current Market Sentiment between -100% and 100%, where lower than -40% is considered Bearish and higher than 40% Bullish. The channel between the two is considered Neutral.

The indicator has been particularly effective on H4 charts when used to confirm the direction of potential trading signals. On shorter term charts, when the indicator crosses -40 or 40 back to Neutral, it can be effective when indicating potential swings; for example, a sell signal when the indicator crosses below 40 and a buy signal when the indicator crosses above -40.

A version applied to EURUSD H1 has been updating twitter feed @tssmarkets.


Example call function:

 int SentimentSignal(double triggerLevel)//Return signal if trigger level activated

{

  double sentimentRatio=iCustom(NULL,0,"Sentiment Ratio",0,0,0);

  if(sentimentRatio>=triggerLevel) return(OP_BUY);

  else if(sentimentRatio<=-triggerLevel) return(OP_SELL);

  return(-1);//Default: No Signal

}


Basis of calculation:

The calculation in the indicator applies weighted averages from RSI, Stochastic Oscillator and William’s Percent Range.

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Bermaui Pin Bars   Or (BPB) is an indicator that find Pin Bars price action pattern on the chart. Pin Bars is a shortcut for "Pinocchio Bars" which is a classic bar pattern alternative to Japanese candlesticks with tall upper or lower shadows and very small bodies like Hammer, Inverted-Hammer, Hanging Man, Shooting Star, Dragon Fly Doji or Grave Stone Doji. Bermaui Pin Bars indicator find this pattern depending on a formula that can be explained in the next steps: At first BPB calculate the
50 USD
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Multi Trendlines
Multi Trendlines
Robert Walker
The Multi Trendlines indicator automatically draws the dominant trendlines on the current chart. The indicator looks for the 5 best Up trends and the 5 best Down trends as at the current price, drawing each trendline if filter conditions are met. The trendlines are named "Trendline"+[Direction]+Symbol()+TrendlineSequenceNumber For example: The second Up trendline on a EURUSD chart would be named "TrendlineUpEURUSD2".   To get its current value would be: ObjectGet("TrendlineUpEURUSD2",OBJPROP_PRI
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