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  1. #1
    Junior Member

    Is there an indicator that measures Market Sentiment? !!!

    Hello guys, I was just wondering if there an indicator i can put on my MT4 charts to let me know the market sentiment? I know most brokers offer that on their platform but i don't know if i can trust that. so is there?

  2. #2
    Specialist Member marc's Avatar
    Quote Originally Posted by akrambr View Post
    Hello guys, I was just wondering if there an indicator i can put on my MT4 charts to let me know the market sentiment? I know most brokers offer that on their platform but i don't know if i can trust that. so is there?
    I would be interested in that too ... but somehow I cannot imagine how such an indicator should work?
    And my opinion about the "market sentiment gimmicks" of the brokers: as long as there is the factor TIME not counted in, it's near worthless (for my trading style) ... but I am open to hear other opinions on that ...

  3. #3
    Active Member vmstrader's Avatar
    Why you don't try the trade assistant 1.04 which is posted in this website? (college-advanced tools)

    -V-

  4. #4
    Specialist Member marc's Avatar
    Quote Originally Posted by vmstrader View Post
    Why you don't try the trade assistant 1.04 which is posted in this website? (college-advanced tools)

    -V-
    Did you have any success with that? ... to me it's just some sort of a "massive-multi-repainting-indicator"

    (@Bogdan: sorry, you know I have great respect of your opinion ... maybe I am just too stupid for this tool

  5. #5
    Legendry Member Michael Hodges's Avatar
    market sentiment is, for me, based on my keeping up with the news data events etc. Sentiment is a combination of all those things and is relative to the current environment.

  6. #6
    Master Member Bogdan G's Avatar
    Quote Originally Posted by marc View Post
    Did you have any success with that? ... to me it's just some sort of a "massive-multi-repainting-indicator"

    (@Bogdan: sorry, you know I have great respect of your opinion ... maybe I am just too stupid for this tool
    Lol, why apologize? I simply reviewed that indicator, it's not like I built it. I'm not even using it
    Anyway, from what I remember it shows macd, cci and stoch on different timeframes so it cant be that bad

  7. #7
    Specialist Member marc's Avatar
    Quote Originally Posted by Bogdan G View Post
    Lol, why apologize? I simply reviewed that indicator, it's not like I built it. I'm not even using it
    Anyway, from what I remember it shows macd, cci and stoch on different timeframes so it cant be that bad
    Yes, true ... but I was always just seeing lots of green arrows and was shouting: "Yiihaa! ... buuullish! ... up, up and away!!" ... *click*... and next moment all arrows turned red -> OTM

    But admittedly, I have given up on that quite fast ... so maybe it even works ...

  8. #8
    Master Member Bogdan G's Avatar
    it's just a bunch of indicators from a lot of timeframes. Of course any 1 min RSI/stoch/cci will be bullish/bearish/bullish/bearish more times than i can count So i would only pay attention to the arrows for the longer timeframes... Check this one out (read the article if you are not familiar with this type of indicators):
    http://www.binaryoptionsthatsuck.com...etti-or-dough/

  9. #9
    Specialist Member marc's Avatar
    Quote Originally Posted by Bogdan G View Post
    it's just a bunch of indicators from a lot of timeframes. Of course any 1 min RSI/stoch/cci will be bullish/bearish/bullish/bearish more times than i can count So i would only pay attention to the arrows for the longer timeframes... Check this one out (read the article if you are not familiar with this type of indicators):
    http://www.binaryoptionsthatsuck.com...etti-or-dough/
    Yes, thanks ... that one is more to my taste ...

  10. #10
    Junior Member
    on babypips.com i came across this http://www.babypips.com/school/under...-strategy.html

    which basically depends on sentiment, what do you guys think of that? do we need sentiment analysis along with fundamental and technical analysis for better trading?

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