PROTECTED SOURCE SCRIPT
Market Sentiment Vote - Up or Down
Bitcoin Sentiment Vote - Up or Down
This indicator is used to analyze the general sentiment of investors towards Bitcoin, using weekly votes to show whether the majority of traders expect the price to rise or fall. It serves as a gauge to determine whether the prevailing market sentiment is "Bullish" (uptrend) or "Bearish" (downtrend).
Components of the Indicator on the Chart:
Black Line: Represents the Bitcoin price (BTC Price).
Green Bars: "Up" votes (Bullish sentiment - market is expected to rise).
Red Bars: "Down" votes (Bearish sentiment - market is expected to fall).
Purple Line: The ratio between "Up" votes and "Down" votes (sentiment ratio).
Green Connected Line + Text "Green": When the indicator turns green, signaling positive sentiment for the first time in a while.
SMA-90d + STDV: The 90-day simple moving average and standard deviations used to identify abnormal changes in market sentiment.
This indicator allows traders to anticipate shifts in market sentiment based on crowd psychology, offering an early signal of potential trends
This indicator is used to analyze the general sentiment of investors towards Bitcoin, using weekly votes to show whether the majority of traders expect the price to rise or fall. It serves as a gauge to determine whether the prevailing market sentiment is "Bullish" (uptrend) or "Bearish" (downtrend).
Components of the Indicator on the Chart:
Black Line: Represents the Bitcoin price (BTC Price).
Green Bars: "Up" votes (Bullish sentiment - market is expected to rise).
Red Bars: "Down" votes (Bearish sentiment - market is expected to fall).
Purple Line: The ratio between "Up" votes and "Down" votes (sentiment ratio).
Green Connected Line + Text "Green": When the indicator turns green, signaling positive sentiment for the first time in a while.
SMA-90d + STDV: The 90-day simple moving average and standard deviations used to identify abnormal changes in market sentiment.
This indicator allows traders to anticipate shifts in market sentiment based on crowd psychology, offering an early signal of potential trends
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.