OPEN-SOURCE SCRIPT
[blackcat] L1 Simplest Sentiment Model
Level 1
Background
My market sentiment indicator system mainly includes collecting various statistical data and drawing. Again, it was fitted using the OHLC data. This belongs to the latter.
Function
Through a simple calculation, the ratio of high and low breakouts to the price range, we know the sentiment of funds. At the same time, a delay line is used as a trigger signal to judge the inflection point of emotions through the golden fork and the dead fork. Mood thresholds can be defined, such as 20 and 80. This is an oscillator model, but also the simplest indicator of sentiment.
Remarks
Feedbacks are appreciated.
Background
My market sentiment indicator system mainly includes collecting various statistical data and drawing. Again, it was fitted using the OHLC data. This belongs to the latter.
Function
Through a simple calculation, the ratio of high and low breakouts to the price range, we know the sentiment of funds. At the same time, a delay line is used as a trigger signal to judge the inflection point of emotions through the golden fork and the dead fork. Mood thresholds can be defined, such as 20 and 80. This is an oscillator model, but also the simplest indicator of sentiment.
Remarks
Feedbacks are appreciated.
Script de código abierto
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