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Market Sentiment Meter

The Market Sentiment Meter indicator calculates the saturation levels of the price chart. A signal to exit the oversold zone indicates a buying opportunity, and a signal to exit the overbought zone indicates a selling opportunity. Typically, for this indicator you need to set relative values for the overbought (Top) and oversold (Bottom) levels.

Often a good trend can be seen visually on the price chart. However, an experienced trader must clearly understand the current distribution of forces in the market before entering a trade. The indicator helps the trader make decisions by providing appropriate signals.

Parameters of the "Market Sentiment Meter" indicator:
  • Period: This parameter determines the number of bars used to calculate the saturation levels of the price chart. The higher the value, the smoother the indicator will be, and vice versa.
  • Top: The level that defines the overbought area. When the indicator reaches or exceeds this value, the market is considered overbought and this can be a signal to sell.
  • Bottom: The level that defines the oversold area. When the indicator reaches or falls below this value, the market is considered oversold and this can be a signal to buy.
  • IsSound: This option allows you to turn on or off the sound signals that the indicator can generate when crossing levels.
These settings allow traders to tailor the indicator to their trading strategies and preferences, helping them determine when to enter and exit the market based on the saturation levels of the price chart.


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Rachid Lafhil
3 (2)
️️ Attention:      The price will soon be raised to what it was before ($500).      No more losses with this indicator, test it for years ago and see if there is losses in one day results. but before testing it please see the explaining video down here.    FxBears Powers is working on all forex pairs, metals, commodities, futures, indices, energies, crypto, and everything...and on all timeframes from M1 to MN.   It's based on supply and demand zones, price action, and some internal indicators,
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Brian Collard
4.71 (14)
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Candle Power Signals é um indicador de tendência que utiliza uma estratégia de busca de potenciais sinais voláteis para tomar decisões de negociação. Ao analisar o mercado, o indicador identifica zonas de aumento e diminuição da volatilidade dentro do movimento de tendência direcional. Os principais parâmetros de geração de sinal já foram configurados, as demais configurações e períodos estão indexados em 2 parâmetros para configuração manual: 1. "Candle calculation method" - 2 modos de ger
norepaint buy sell indicator is norepaint indicator.and works all pairs and all timeframes. Indicator hold too long way to signals. And show major and minor cycles.and gives signals Minor cycles are indicating with x signs. Major cycles are indicating big arrows. So 5m chart and 15m chart more suitable For major cycles, 1 h and 4h chart suitable for minor cycles. using is wery simple ,it puts arrow on price probably buy sell arrows. thise indicator is suitable for beginner and experienced trader
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