PZ Market Sentiment

This indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading /confirm/iation. It can be used to take a trend-trade approach or a contrarian approach using reversal patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

• Find early reversals
• Confirm short-term trades
• Detect indecision on the market
• Take contrarian trades near support and resistance levels
• Trade inside bars confirmed by overall direction of the market

The overall attitude of market participants towards the instrument is portrated using a colored oscillator. The basic usage is the following:

• You can buy when the histogram is green
• You can sell when the histogram is red
• Contrarians can do the opposite near support and resistance lines
  
  

Input Parameters

• Fast MA: Fast moving average period
• Slow MA: Slow moving average period
• alerts: Enable or disable alerts of all kinds

Support

I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.

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