Market Emotion Switch for TradingView
$299.00
✅ Helps gauge the overall mood and sentiment of traders in the market, indicating whether they are optimistic or fearful.
✅ Helps pinpoint instances when the market may be overbought or oversold, predicting potential reversals in price trends.
✅ Uses a combination of market sentiment, overbought/oversold conditions, and 60-period EMA evaluation to pinpoint precise entry points, enhancing trading precision and increasing the probability of successful trades.
Setting Manuals
1. Indicator Setting
Market Emotion Period: Determines the timeframe over which market sentiment is calculated, affecting sensitivity to market changes.
Market Emotion Long Period: Sets a longer period for evaluating market emotion, offering a broader view of sentiment trends.
Market Emotion Price: Select the price point (close, open, high, low,…) to analyze market emotion, influencing the indicator’s reaction to market moves.
Market Emotion Price Filtering Period: Adjusts the period for filtering market price data, enhancing the smoothness and reliability of emotion signals.
Market Emotion Price Filtering Mode: Choose the mode of filtering price data (e.g., moving average types) to refine market emotion analysis.
Market Emotion Percent: Specifies the percentage threshold for recognizing significant changes in market emotion, defining sensitivity to sentiment shifts.
Market Emotion Average Period: Sets the period for calculating the moving average of market emotion, smoothing out short-term fluctuations.
Market Emotion Average Type: Select the type of moving average (e.g., Simple, Exponential) for averaging market emotion, tailoring the indicator’s responsiveness.
Price MA Filter Period: Defines the period for the moving average filter applied to price, aiding in trend detection.
Price MA Filter Method: Choose the method of the moving average filter (e.g., Simple, Exponential), affecting how price trends are smoothed.
Price MA Filter Applied Price: Determines the price (close, open, high, low) to which the moving average filter is applied, refining trend analysis.
SL & TP:
ATR Period for SL Shift: Adjusts the period over which the Average True Range (ATR) is calculated, used for dynamically setting stop loss levels.
SL Shift Coefficient (from ATR): Multiplier for the ATR to determine the stop loss distance, allowing adjustments based on market volatility.
TP Coefficient (from SL): Sets the take profit distance as a multiplier of the stop loss distance, aiding in maintaining a consistent risk-reward strategy.
STYLING
Up Arrow String: Customize the text label for buy signals, enhancing clarity on bullish entries.
Down Arrow String: Customize the text label for sell signals, enhancing clarity on bearish entries.
Up Arrow Color: Selects the color for upward arrows, visualizing bullish signals.
Down Arrow Color: Selects the color for downward arrows, visualizing bearish signals.
Up/Down Arrow Size: Adjusts the size of the arrows for better visibility on charts.
Display TP/SL on Chart: Toggles the visibility of take profit and stop loss levels on the chart, aiding in trade management.
TP Color: Customizes the color of the take profit line, distinguishing it on the chart.
SL Color: Customizes the color of the stop loss line, distinguishing it on the chart.
Max Bars to Calculate: Limits the number of bars back from the current bar that the indicator calculates, optimizing performance.
2. Set up alerts:
To stay updated on potential trading opportunities, you can set up alerts within the Market Emotion Switch.
Step 1: From the indicator settings, customize your alerts by defining your desired parameters. The selected configurations will be used for notifications in Step 2.
Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView’s “Alert” icon.
Step 3: Select Market Emotion Switch from the “Condition” dropdown list:
Step 4: A pop-up will appear as follows. You click on “Notifications”.
Step 5: You choose the types of notifications you’d like to receive and click the “Create” button.
FAQ
It works on ALL markets internationally that are available on Tradingview: FX, stocks, indices, commodities, futures, etc…
All sales are final and non-refundable.
TV CHAMP MEMBERSHIP
Join our exclusive TV Champ membership and grab ALL our custom indicators for Tradingview. To see the full list of all indicators included in the TV Champ membership, click here…
Platform: TradingView
Platform: TradingView
Our Customer Feedback
Don’t take our word for it, read our customers’ testimonials from Trustpilot.com
4.2