Sentiment - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This is a market sentiment indicator. It shows market sentiment - bullish or bearish.
This indicator is suitable for centralized markets such as FORTS. There is more content in the article to discuss the principles of exchange pricing using the Moscow Exchange derivatives market as an example .
It should be noted that when using this indicator it is necessary to take into account current trends (e.g. through technical analysis).
Note: By default, this indicator is configured for RTS futures. The parameters attached are for Brent crude oil, although they are also suitable for RTS.
Attachment download
📎sentiment_indicator.mq5 (4.89 KB)
📎 for_brent.set (0.16 KB)
Source: MQL5 #13976
Sentiment - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Sentiment - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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