Market Sentiment is an indicator for MT5.
Market sentiment is the feeling or tone of a market. Also called investor sentiment, it is generally described as being bullish or bearish :
- When bulls are in control, prices are going up.
- When bears are in control, prices are going down.
Markets being driven by emotions, the market sentiment is about feelings whereas fundamental value is about business performance.
Settings :
- Range in bars : numbers of bars used for the calculation, at your own convenience, default is 100
- Price averaging’s period : period for averaging prices, at your own convenience, default is 13
- Show signals : will show an arrow for buy