KivancOzbilgic

Average Sentiment Oscillator

Description of this indicator from its author:

Average Sentiment Oscillator

Momentum oscillator of averaged bull/bear percentages.

We suggest using it as a relatively accurate way to gauge the sentiment of a given period of candles, as a trend filter or for entry/exit signals.

It’s a combination of two algorithms, both essentially the same but applied in a different way. The first one analyzes the bullish /bearishness of each bar using OHLC prices then averages all percentages in the period group of bars (eg. 10) to give the final % value. The second one treats the period group of bars as one bar and then determines the sentiment percentage with the OHLC points of the group. The first one is noisy but more accurate in respect to intra-bar sentiment, whereas the second gives a smoother result and adds more weight to the range of price movement. They can be used separately as Mode 1 and Mode 2 in the indicator settings, or combined as Mode 0.

Original indicator idea from Benjamin Joshua Nash, converted from MT4 version

Usage:

The blue line is Bulls %, red line is Bears %. As they are both percentages of 100, they mirror each other. The higher line is the dominating sentiment. The lines crossing the 50% centreline mark the shift of power between bulls and bears, and this often provides a good entry or exit signal, i.e. if the blue line closes above 50% on the last bar, Buy or exit Sell, if the red line closes above 50% on the last bar, Sell or exit Buy. These entries are better when average volume is high.

It's also possible to see the relative strength of the swings/trend, i.e. a blue peak is higher than the preceding red one. A clear divergence can be seen in the picture as the second bullish peak registers as a lower strength on the oscillator but moved higher on the price chart. By setting up levels at the 70% and 30% mark the oscillator can also be used for trading overbought/oversold levels similar to a Stochastic or RSI . As is the rule with most indicators, a smaller period gives more leading signals and a larger period gives less false signals.
릴리즈 노트: fixed an error in code
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코멘트

Çok güzel indikatörler gerçekten, elinize sağlık. Yatay piyasada hangi indikatörü tavsiye edersiniz. Tillson?
+23 응답
Kıvanç abim yapmışsa incelemeden eklerim konutlarıma :)
+10 응답
kubilaydlmz HasanBasri58
@HasanBasri58, nasıl eklıcez acep.dedım. sonrra fark ettım :)
+7 응답
Man1di5buk3 kubilaydlmz
@kubilaydlmz, nasil farkettiniz :) Ben de bulamiyorum. Tesekkurler.
응답
kubilaydlmz Man1di5buk3
@Man1di5buk3, sag tarafda favorı komutlarıma ekle kısmı var..
응답
sdkgnc kubilaydlmz
@kubilaydlmz, nasıl ekledin yapamadım
응답
Man1di5buk3 HasanBasri58
@HasanBasri58, Ben bulamadim bu indicatoru. AO cikiyor sadece.
+5 응답
BORSAFATIHI Man1di5buk3
@Man1di5buk3, kodlamanin olduğu yerde sagda FOVARILERIME EKLE var. basmanız yeterli
응답
Elinize sağlık hocam,
Paylaşımını yaptığınız son iki script için YouTube anlatımı yapacak mısınız ? Bu şekilde anlamasi ve kullanması daha kolay oluyor.
Teşekkürler.
+4 응답
kıvanç bey bunu nasıl kullanacağız tradingview de bulamadım
+4 응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 리퍼드 프렌즈 코인 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃