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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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"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
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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
40 USD
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