The sentiment indicator measures and shows the percentual ratio between buyers and sellers. Thanks to the indicator, you can easily see the current direction and strength of any market. The sentiment indicator can be used especially in a conjunction with other trading signals and techniques to filter out false entries. The indicator can be used for exiting of opened orders as well.
How to Trade with the Forex Sentiment Indicator Profitably:
Possible BUY trades:
Power of buyers 60% = light dominance of buyers
Power of buyers 70% = clear dominance of buyers
Power of buyers 80% = most of the market participants are buyers
Power of buyers < 90% = strong dominance of buyers, almost no sellers in the market
Possible SELL trades:
Power of sellers 60% = light dominance of sellers
Power of sellers 70% = clear dominance of sellers
Power of sellers 80% = most of the market participants are sellers
Power of sellers < 90% = strong dominance of sellers, almost no buyers in the market
The latest Forex Sentiment indicator version 1.09
High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
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