Sentiment indicator

5 thg 11, 2023

Sentiment Indicator Description:
The Sentiment Indicator is a tool that helps traders understand the overall mood of the market. It uses simple emojis and colors to provide an intuitive sense of whether the market is feeling positive or negative.

How to Interpret:
Emojis are used to represent different sentiment ranges:
😱 - Extreme Fear (0-25)
😥 - Fear (26-46)
😐 - Neutral (47-54)
😏 - Greed (55-75)
😋 - Extreme Greed (76-100)

If you see a green bars and emoji like 😋 or 😏, it means the market sentiment is positive, which may indicate potential buying opportunities or selling opportunities if current state of market is a bear market.

If you see a red bars and emoji like 😥 or 😱, it means the market sentiment is negative, which may suggest caution or selling opportunities.
A neutral sentiment is represented by a 😐 emoji and a color in between.

FTX CRASH


COVID CRASH


Usage:
Traders can add this indicator to their charts in TradingView to get a quick sense of how the market is feeling.
Remember that market sentiment is just one factor in trading. Always consider other information and strategies to make well-informed decisions.

Note:
The Sentiment Indicator is meant to be a helpful visual aid, but it's important to do your own research and use proper risk management in your trading.

Special Indicator For ♞ Students

5 thg 11, 2023

Phát hành các Ghi chú

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5 thg 11, 2023

Phát hành các Ghi chú

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8 thg 11, 2023

Phát hành các Ghi chú

Added Scores. Changed calculation of script: Added Active Addresses >> (If amount of Active Addresses increasing means more greed) and Other.D >> (If Other.D trending Up means people willing to risk and it indicates more greed sentiment and vice versa)

9 thg 11, 2023

Phát hành các Ghi chú

Updated calculation

9 thg 11, 2023

Phát hành các Ghi chú

Added two functions