MarketSentiment

Description

MarketSentiment is a technical indicator that estimates the prevailing market sentiment based on the relation of the recent close prices to the historical highs and lows. Higher indicator values may signify that the bullish sentiment is currently prevailing. Lower indicator values may suggest that the sentiment is currently on the bearish side.

Plots

Plot Description
MarketSentiment The MarketSentiment plot.

Example

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

  Past performance is no guarantee of future performance.

You may also like
MomentumPercentDiff
The Momentum Percent Diff is a momentum-based technical indicator. Unlike the regular Momentum ...
WilliamsAD
The Williams Accumulation/Distribution study is used to determine either the marketplace is ...
ATR
The Average True Range (ATR) study calculates the average true price range over a time period. ...