Free Forex Sentiment Indicator for MetaTrader 4
- Easy to use and highly effective Sentiment indicator for free
- With this Sentiment indicator, you will be able to easily measure the strength of buying and selling market participants
- The Sentiment indicator will simply tell you what is currently happening in the market
- Useful for all markets (forex, commodities, stocks, indices and others) and timeframes
- Compatibility: MetaTrader 4
- Monthly updated for free
How this indicator works:
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% or more = 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% or more = strong dominance of sellers, almost no buyers in the market
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.
This is one of the most advanced indicators available to retail traders. It is based on a state-of-the-art Forex trading algorithm that is specifically designed to identify high probability price movements. The key advantage of this indicator is that it produces actionable Forex signals with Entry Price, Stop Loss and Take Profit Levels.