OPEN-SOURCE SCRIPT
Sentiment Zone Oscillator
Here's a (forgotten but still useful) Sentiment Zone Oscillator. The Sentiment Zone Oscillator takes a sum of positive price candles over a user-specified window length. Normally, a triple exponential moving average of the sum is used, but we opted to just go with a double EMA for the sake of more responsiveness. When the histogram is green it is bullish and red/pink means bears.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
-Profit Programmers
profitprogrammer.com
profitprogrammer.com
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
-Profit Programmers
profitprogrammer.com
profitprogrammer.com
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.