Average Sentiment Indicator
- 지표
- Vener Garayev
- 버전: 1.0
- 활성화: 5
Average Sentiment Indicator is a composite oscillator that combines the insights of five conventional technical indicators — Relative Strength Index (RSI), Stochastic (STO), Money Flow Index (MFI), DeMarker (DeM), and William's %R (WPR) — into a single line ranging from 0 to 100. It is the arithmetic average of the five indicators after normalization.
This tool is ideal for traders who want a noise-reduced perspective of overbought and oversold zones, potential reversals, and trend exhaustion points—without switching between multiple charts or indicators for a single decision. This indicator is especially helpful when used in combination with other conventional indicators like MACD, CCI, Bollinger Bands, and/or RVI.
Note: All of the five utilized indicators are bounded indicators. However, since DeMarker ranges between 0 and 1, and WPR ranges between 0 and -100, both were normalized to 0-100 range in order to have same range with RSI, STO, and MFI.
🔧 Key Features
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📊 Composite Oscillator (0–100) built from 5 normalized indicators
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⚙️ Individual period control for RSI, Stochastic, MFI, DeMarker, and Williams %R
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🌈 Visual clarity in a separate indicator window
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🧠 Combines momentum, volume, and volatility into a single reading
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🪄 Lightweight and efficient — no freezing, fast calculations
📌 Input Parameters
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Period_RSI – Period for RSI (default: 14)
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Period_Sto – Period for Stochastic K (default: 14)
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Period_MFI – Period for Money Flow Index (default: 14)
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Period_DeM – Period for DeMarker (default: 14)
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Period_WPR – Period for Williams %R (default: 14)
📘 How to Use
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🔵 Overbought zone: Oscillator above 80 (up to trader which threshold they deem important)
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🔴 Oversold zone: Oscillator below 20 (up to trader which threshold they deem important)
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📉 Use in conjunction with price action or support/resistance zones for entry timing
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🧪 Adjust each indicator's period to fine-tune for specific symbols or timeframes
Recommended For
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Forex traders looking for confluence signals
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Strategy developers who want a single normalized signal
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Those who prefer customizable multi-indicator systems
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Anyone seeking overbought/oversold analysis
