Average Sentiment Oscillator

v10.3
Average Sentiment Oscillator

Description of this indicator from its author:
Average Sentiment Oscillator

Momentum oscillator of averaged bull/bear percentages.

We suggest using it as a relatively accurate way to gauge the sentiment of a given period of candles, as a trend filter or for entry/exit signals.

It’s a combination of two algorithms, both essentially the same but applied in a different way. The first one analyzes the bullish/bearishness of each bar using OHLC prices then averages all percentages in the period group of bars (eg. 10) to give the final % value. The second one treats the period group of bars as one bar and then determines the sentiment percentage with the OHLC points of the group. The first one is noisy but more accurate in respect to intra-bar sentiment, whereas the second gives a smoother result and adds more weight to the range of price movement. They can be used separately as Mode 1 and Mode 2 in the indicator settings, or combined as Mode 0.

Original indicator idea from Benjamin Joshua Nash, converted from MT4 version by a request in the english forum.

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. albertocampagna • 04/18/2017 #

    Salve, bellissimo indicatore, ma purtroppo non riesco a farlo funzionare

    • tradingpro • 04/18/2017 #

      SALVE NICOLAS
      MI SAPRESTI INDICARE UN INDICATORE PER INSERIRLO NELLA PIATTAFORMA PER FARE TRADING IN AUTOMATICO
      GRAZIE

  2. simone • 04/18/2017 #

    a me sembra simile al vortex o sbaglio??

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
Balmora74 Thanks for this code. i will try to adapt it in the EUR/USD Pac Man Strategy who is based on...
Vonasi I still have two versions of the PacMan strategy on forward test although there have been va...
Balmora74 I use your version on a real account and the strategy is profitable and i did not have any p...
luxrun Roberto, another request concerning the code: is it possible to change the ema 14 with anoth...
robertogozzi If you import the .ITF file you may use the indicator properties to set periods. If you Cop...
luxrun Ok, thank you
jcisneros good job, its fine for divergences. Thank you
PastaPesto Hello Roberto! Thank you for this indicator. I thought I would try it out in a strategy, bu...
robertogozzi I just realized that there's a line that shouldn't be there. It's line 5, please remove it,...
luxrun bellissimo lavoro, Roberto, grazie!
TAC Bolsa Gracias Juanjo... esto no será nada cuando tengamos @Prorealtime11 esperamos dar un gran sal...
Juanjo Estoy esperando con muchas ganas prorealtime11, ..señalar que gracias a la lectura de vuestr...
TAC Bolsa Upgrade.. From the VWAP and activated auction you can see the areas of lower or greater v...
Makabro Hola Nicolas,tengo un problema cuando importo el .itf pone que esta instalado correctamente,...
Nicolas añadirlo al precio
Maxime Baudin Very helpful! Thank you Nicolas
marinober Troppo bello per essere vero. il segnale lo da in ritardo ..... direi INUTILE e magari sareb...
swapping легко критиковать показатели, закодированные в мое свободное время и оставленные бесплатно, ...
marinober giusto, la critica è troppo severa. Mi dispiace che l'indicatore abbia delle lacune perchè ...
Nicolas It may be possible that the variables are still present in the code while they are also in t...
luxrun I found this solution, thanks
luxrun thanks Nicolas
Nicolas
2 weeks ago
CCI Trend
v10.3
CCI Trend
1
Indicators
Abdelkrim Maksour hi sir is this indicator for mt4 and how i can get one .
sir_i Bonjour à tous, Je suis nouveau sur le forum et sur la plateforme, pourriez-vous me dire com...
Nicolas Il faut simplement l'appliquer sur le prix.
sir_i Merci pour la réponse, je ne suis pas familier avec l'application de cette procédure simple,...
swapping Parfait Nicolas, du très bon travail car les divergences sont toujours intéressantes à explo...
philvm69 Merci beaucoup Nicolas, très utile car présent sur indicateur. Si tu as la possibilité de re...
Nicolas Le MACD n'est pas un indicateur borné, donc la technique employée ici ne conviendrait pas. O...
Choliver Bonjour et merci pour cet indicateur. Toutefois, il me semble qu'il est unidirectionnel. P...
robertogozzi
4 weeks ago
M-Oscillator
M-Oscillator
10
Indicators
robertogozzi Sorry for my late reply. I’ll make it and open a new topic quite soon.
swapping ah ah ! je n'avais pas vue celui-ci, excellent robert ;)
robertogozzi Thank you swapping.
TheDisciplinedTrader Much appreciated Nicolas! I have been looking for something to highlight reversal bars for q...
Matthew Darling Hi Nicolas, should this work on all software. Wont work on tradingviews pinescript
Nicolas No. The code delivered on our website is for ProRealTime trading platform: https://www.pror...
Nicolas Good job Gabri, I confirm that with the new ProRealTime v11, everyone will be able to use in...
Vinks_o_7 Great, thanks a lot Nicolas !
Teddy Coronak Top Nicolas ! Merci
Andyswede Thank's! Great indicator:)
mcha merci bien et félicitations pour la réactivité avec laquelle il a été mis dans la bibliothèq...
soulintact Great indicator Nicolas, thanks!

Top