AURA Market Sentiment Scanner

Objective Market Sentiment Analysis for MT5

Emotional trading is a common challenge for retail traders. The AURA Market Sentiment Scanner provides a data-driven approach to market analysis by translating complex price action, momentum, and volatility into a simple 0-100 Fear & Greed Index.

Designed as a plug-and-play dashboard, this scanner helps you maintain an objective view of the market without cluttering your chart with multiple indicators.

⚙️ How It Works (The 6 Internal Engines)

Instead of relying on a single metric, this indicator processes real-time data from six distinct market components to generate its final sentiment score:

• Volatility: Measures price expansion and market panic (ATR-based).

• Momentum: Tracks the speed of price action (RSI & Stochastic confluence).

• Trend Strength: Determines directional dominance (ADX & EMAs).

• Market Structure: Analyzes recent highs, lows, and breakouts.

• Volume: Measures the conviction behind price movements (Tick Volume & OBV).

• Exhaustion: Detects potential overextended conditions and divergences.

🌟 Key Features

• Fear & Greed Gauge: A clean, color-coded visual representation from Extreme Fear (Red) to Extreme Greed (Cyan).

• Market Regime Detection: Automatically identifies if the current market is Trending, Ranging, or experiencing High Volatility.

• Confidence Score: A percentage metric indicating the alignment across all internal calculation engines.

• Interactive Smart UI: Features a fully draggable panel with built-in zoom controls [+] [-] to fit any screen resolution perfectly.

• 100% Plug & Play: No complicated inputs or optimization needed. Simply attach it to your chart.

📊 Practical Usage Guide

• Extreme Fear (0 - 20): The market is heavily bearish/oversold. Watch for potential exhaustion or reversal patterns.

• Extreme Greed (80 - 100): The market is heavily bullish/overbought. Exercise caution with new trend-following entries.

• Context matters: Always pair the Sentiment score with the Market Regime. For example, avoid trend-following strategies if the scanner detects a Ranging market.

Note: This is a free, streamlined edition. It is built as a perfect companion to our premium trading tools.

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