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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.


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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Volume DeltaPanel is a very powerful indicator that read the supply on Market. It calculates the Delta from movement of the price and the difference of BUY volumes and SELL volumes. The Volumes are added to price and normalized to symbol points. Its special structure allows you to get all Time Frames values available on the platform MT4. Panel can show 28 instruments simultaneously all customizable according to the offer of the Broker. A good observation of this instrument can suggest great en
50 USD
Fibonacci Of Yesterday Ultimate
Fibonacci Of Yesterday Ultimate
Thushara Dissanayake
The Fibonacci Of Yesterday Ultimate indicator is designed to trade for most popular Fibonacci strategy that's based on the previous day's high and low. It automatically identifies and show Entry levels , Stop loss levels and Take profit levels , according to the yesterday D1 candle by Fibonacci levels. As well as the traditional Fibonacci tool also included. However, it is very user friendly rather than default available one. On the other hand one more tool included. It automatically identifies
50 USD
TPA Sessions MT4
TPA Sessions MT4
InvestSoft
"TPA Sessions" indicator is a very important tool to complement  "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can`t explain?  A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!! The first run   of the TPA Session indicator must be in the open market  for the lines to be drawn correctly. Please visit our blog to study actual trades wi
50 USD
Netsrac ADR Dashboard
Netsrac ADR Dashboard
Carsten Pflug
The intention of the dashboard is to provide a quick overview of the daily, weekly and monthly range of configured assets. In "single asset mode" the dashboard shows you possible reversal points directly in the chart, thus making statistics directly tradable. If a configured threshold is exceeded, the dashboard can send a screen alert, a notification (to the mobile MT4) or an email.  There are various ways of using this information. One approach is that an asset that has completed nearly 100% of
59 USD
VWAP Indicator MT4
VWAP Indicator MT4
Kyra Nickaline Watson-gordon
Description : VWAP (Volume-Weighted Average Price) is the ratio of the value traded to total volume traded over a particular time horizon. It is a measure of the average price at which pair is traded over the trading horizon. Read More. All Symbols and All Timeframes are supported. Indicator Inputs :     VWAP Mode : Mode of VWAP Calculation. Options can be selected : Single,Session,Daily,Weekly,Monthly     Volumes : Real Volumes,Tick Volumes     Price Type : Used price for cal
50 USD
Bermaui Deviation Percent
Bermaui Deviation Percent
Muhammad Elbermawi
Or ( BD% ) which is a volatility index that measures volatility in percent rather than points. The idea of BD% is to make an index depending on the Classic Standard Deviation (CSD) that moves between 0 and 100 percent. You can use BD% to compare volatility for the same security in different time periods or different time-frames. In addition, you can use BD% to compare volatility between different securities in different markets in terms of percent rather than points. The idea behind th
50 USD
Support Resistance screnner
Support Resistance screnner
STE S.S.COMPANY
Technical indicator for mt4 that identifies support and resistance based price action with supply and demand levels. 1. Key Features Dynamic Support and Resistance Our indicator is dynamic, which the support and resistance lines generated to coincide with the current price action. Automatic support and resistance The indicator attempts at automatic detection of support and resistance levels by identifying large swings/ pivots in historical price action. Non repaint support and resistance Our
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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