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Market Sentiment and Sideways level

5

Ideally, this is we hope:

  • The good numbers on news should make the related currency become stronger,
  • and the bad numbers on news should make the related currency become weaker.

But the fact is:

  • The good numbers on news that has been written on the economic news calendar could not always instantly make the related currency become stronger.
  • and vice versa, the bad numbers could not always instantly make the related currency become weaker.

Before placing new position:

  • We need to know which actually strengthened or weakened between the related currency after the news released.
  • The market reaction to an economic news or a central bank speech, is market sentiment.


What is Market Sentiment indicator

  • This indicator is designed to see opportunities in economic news events, or during a central bank speech.
  • Market Sentiment indicator is monitoring the movement of currency index strength between USD and Euro at the event.
  • Regardless of the numbers in economic news, Market Sentiment has conclusion which actually strengthened or weakened between USD and Euro.
  • Market Sentiment is a technical indicator that contains the results of the fundamentals.
  • Market Sentiment has 5 reflections of market action in time frame: H1, H4, Daily and Weekly:
    1. USD strengthened, and Euro weakened
    2. USD weakened, and Euro strengthened
    3. USD and Euro in sideways (mixed)
    4. USD and Euro are both strengthening
    5. USD and Euro are both weakening.
  • The green represents strengthen, and red represents weakening.
  • Before actually strengthening occurs, it will start with a number gradually ascending from red to green.
  • Before the weakening occurs, it will start with a number that gradually decreases from the green to red.
  • This is suitable for trade EURUSD, USDCHF, GBPUSD and EURGBP.


How to use Market Sentiment

  1. Look at the website that providing a real time Economic News Calendar,
  2. Change the time setting to match your location.
  3. Wait for news that have a Moderate or High Volatility as market expected.
  4. At the time news announced, wait for 15 minutes for monitoring Market Sentiment.
  5. Usually, within 15 minutes then Market Sentiment has conclusion which is strongest and weakest between USD and Euro,
  6. or even range bound (sideways).
  7. Market Sentiment can also be used for scalping.


Input parameters

  • Suffix Currency Pair - Leave it empty if your broker does not have suffix currency pair. e.g. EURUSD, USDCHF, and so on. If your broker has suffix like EURUSDm, EURUSDi, etc, then you should enter with m, i, and so on. Default is empty.
  • Display Jump-Fall Daily-Weekly - true is for displaying "how far" price will jump or fall. Default is true.
  • Display text-price - true is for displaying the price on jump/fall levels. Default is true.
  • leftmargin - is margin left for displaying Market Sentiment. Default is 50.
  • bottmargin - is margin bottom for displaying Market Sentiment. Default is 80.
Comentarios 3
Frank Paetsch
7117
Frank Paetsch 2021.03.07 10:12 
 

good Indicator, thank you

cvdestyfx
2702
cvdestyfx 2020.01.16 02:27 
 

The indicator has a number of useful features that can be enabled or disabled according to the user's preference. Seller is friendly and quick to provide support and to make adjustments/updates when needed.

Dennis22779
809
Dennis22779 2018.09.09 07:53 
 

Very nice tool to confirm the trade before enter in the market.

In combination with price action it is really an treasure.

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Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
TrendMaestro
Stefano Frisetti
5 (3)
note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
Este tablero muestra los últimos patrones armónicos disponibles para los símbolos seleccionados, por lo que ahorrará tiempo y será más eficiente / versión MT5 . Indicador gratuito: Basic Harmonic Pattern Columnas del indicador Symbol: aparecerán los símbolos seleccionados Trend : alcista o bajista Pattern : tipo de patrón (gartley, mariposa, murciélago, cangrejo, tiburón, cifrado o ABCD) Entry : precio de entrada SL: precio de stop loss TP1: 1er precio de toma de beneficios TP2: 2º precio de
norepaint buy sell indicator is norepaint indicator.and works all pairs and all timeframes. using is wery simple ,it puts arrow on price probably buy sell arrows. thise indicator is suitable for beginner and experienced traders. there is cnt numbers that show how many bars you see the signal back. increasing it possible but up to chart have the how many bars . minimum value of this 500.
GOLD Impulse with Alert
Bernhard Schweigert
4.56 (9)
Este indicador es una super combinación de nuestros 2 productos Advanced Currency IMPULSE with ALERT  +   Currency Strength Exotics . ¡Funciona para todos los marcos de tiempo y muestra gráficamente el impulso de fuerza o debilidad para las 8 divisas principales más un Símbolo! Este Indicador está especializado en mostrar la aceleración de la fuerza de la divisa para cualquier símbolo como Oro, Pares Exóticos, Materias Primas, Índices o Futuros. Es el primero de su clase, cualquier símbol
Indicador NextCandlePredictor NextCandlePredictor, una indicador del tipo señal con alerta que no repinta, no cambia su color, no se mueve, no desaparece y no tiene lag. Te ayudará a identificar la dirección de la próxima o próximas velas en cualquier marco temporal. Es altamente recomendado para mercados de alta volatilidad, como Nueva York, Londres o incluso el solapamiento de ambos. Características Principales: Versatilidad en Timeframes : Proporciona señales rápidas y precisas en cualquie
Automated Trendlines
Georgios Kalomoiropoulos
5 (17)
Las líneas de tendencia son la herramienta más esencial del análisis técnico en el comercio de divisas. Desafortunadamente, la mayoría de los comerciantes no los dibujan correctamente. El indicador de líneas de tendencia automatizadas es una herramienta profesional para comerciantes serios que lo ayuda a visualizar el movimiento de tendencia de los mercados. Hay dos tipos de Trendlines Bullish Trendlines y Bearish Trendlines. En la tendencia alcista, la línea de tendencia de Forex se dib
The Supply and Demand with Swap zones MTF indicator is a powerful tool for technical analysis that has been modified and enhanced to provide traders with even more valuable information. This tool is based on the rule of supply and demand and allows traders to analyze a chart on three different timeframes at once, providing a more comprehensive view of the market. One of the key features of this indicator is the so-called swap zones, which are areas that have been broken through by the price but
Otros productos de este autor
El Detector de Terremotos del Mercado  Sismógrafo. Description in English : https://www.mql5.com/en/market/product/113869?source=Site+Market+Product+Page#description How to use the Seismograph : https://www.mql5.com/en/market/product/113869#!tab=comments&page=2&comment=52806941 Create an EA : https://www.mql5.com/en/market/product/113869#!tab=comments&page=3&comment=52816509 Cualquiera que sea la forma en que opere, definitivamente desea evitar la entrada en el mercado de baja liqui
A. ¿Qué es A2SR ?   * Es un indicador técnico líder (sin repintado, sin retraso). -- Guía : -- en https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- y https://www.mql5.com/en/users/yohana/blog A2SR tiene una técnica especial para determinar los niveles de Soporte (demanda) y Resistencia (oferta). A diferencia de la forma ordinaria que vimos en la red, A2SR tiene un concepto original para determinar los niveles reales de SR. La técnica original no se tomó de Internet y tampoco
Trades Manager MT4
Yohana Parmi
5 (3)
What Trades Manager can do for your trades . Collect all order positions into one chart (pict. 1). All orders will be grouped by pair symbol , sum of order positions, lots, running pips, and profit/losses. All orders will be summarized and displayed at the bottom of the panel. You can set target profit, stop loss and placing stop-profit automatically to each order (pict. 4). From one chart, it will be easier to monitor and manage all orders without moving to another chart. The green color is sur
Key Breakout and Jump/Fall levels. No lagging. No repaint. Trend line is useful for detecting pattern, which is intended for the triangle pattern, Support & Resistance lines, and as a breakout up or down line.  The trend lines are formed first before the price of the pair reach it. So it does not repaint.  Each line has a description, such as Support, Resistance, Current-Support as key breakout down, and Current-Resistance as a key breakout up.  Each broke out line turns into a new support or re
Semi Automated EA for working as your trading assistant. Overview Trading planner will make you act like professional traders in real markets. Before entering markets, they make a plan for their trades, screening out all opportunities in all time frames. Trading Planner can be used for all Time Frames (M1 ~ MN). Simply draw trendline as a trend and Support/Resistance . At this version , market opportunities will be taken by trendline using strategy of 1, 2, 3 . Simply draw the trendline by defi
Filtro:
Frank Paetsch
7117
Frank Paetsch 2021.03.07 10:12 
 

good Indicator, thank you

Yohana Parmi
11102
Respuesta del desarrollador Yohana Parmi 2021.03.07 11:58
🙏 Thank very much,
- - God bless you 🌻
cvdestyfx
2702
cvdestyfx 2020.01.16 02:27 
 

The indicator has a number of useful features that can be enabled or disabled according to the user's preference. Seller is friendly and quick to provide support and to make adjustments/updates when needed.

Dennis22779
809
Dennis22779 2018.09.09 07:53 
 

Very nice tool to confirm the trade before enter in the market.

In combination with price action it is really an treasure.

Respuesta al comentario
Versión 3.4 2021.11.20
Important update for performance.
Versión 3.3 2020.01.16
Minor fix
-- requested by a valuable user.
-- : The chart should not be locked to a certain scale.
Versión 3.2 2020.01.16
Minor fix
-- User can select objects in the chart.
Versión 3.1 2020.01.16
Minor fix
1. User can use their own favorite chart style (bar chart, candlestick or line).
-- There is no default for bar chart (requested by user).
2. Increase performance in reading data for Market Sentiment
Versión 2.9 2019.03.18
Minor fixes displaying MS on 4K Screen
-- add option Font Size.
Versión 2.8 2017.06.15
Minor fixes and
Update New Feature:
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1. Automated Trendline for S/R,
2. New technique for early sign of breakout and breakdown.
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