Market Sentiment [@TradersVenue]

This majorly combines 3 indicators. More detailed usage will be taught to the subscribers as part of webinars to understand how to use these along with VSA to improve the trading results.

1)Mean Revert Indicator (M.Revert) - Most useful for intraday. When M.Revert bar turns red its ideally a sell signal. When M.Revert bar turns green its buy signal.

2)PV.Trend is nothing but price volume trend. Green bullish, red bearish.

3) Ind.VIxFix - Its India VIX. When its red it means VIX is shooting up and chances of fall is higher. When VIX turns green VIX is cooling down and market may consolidate or go higher.

When VIXFIX turns green its a good time to sell straddle or strangles and avoid neutral strategies when red. Additionally when VIXFix turns red, simply exit the losing leg holding the other leg of the neutral strategy. It helps.

Release Notes

Minor change. Update the script to get the benefits. More details will be shared in next webinar on how to use it along with other VSA scripts.

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact TradersVenue directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

You may DM me on the social media platforms shown in the signature and request for access.

Warning: please read our guide for invite-only scripts before requesting access.

TradersVenue

I am reachable on below social handles.

EMail_ID:- prasuna.barik@pbfin.in
Telegram: t.me/PBFin_222
Twitter: twitter.com/PB_Fin

Indicator access process given here tinyurl.com/VSASetup. Follow it for details.

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.