Algo Trading: 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.

Link: https://www.mql5.com/en/market/product/40614

One thought on “Algo Trading: Sentiment Ratio

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s