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Trend Sentiment [racer8]

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Trend Sentiment is a trend indicator with enhanced graphics, that is, it has many different shades of blue and red.
The brighter the blue, the more bullish.
The brighter the red, the more bearish.
It is a simple indicator with a basic formula:

a = close > prev.close? ---> If yes, a = 1, otherwise a = 0.
b = sma of a over n periods -----1st parameter, n...."Length"
c = sma of b over j periods ----- 2nd parmeter, j..."Smoothing"
plot (c)

Is c > 0.5? ---> If yes, background color = blue, otherwise red.
plot background color.
plot 0.5 as dotted midline.

The Trend Sentiment value represents the percentage of bullish force in the market.
Signals are generated when it crosses the 50% mark.
Values above 0.50 are bullish and values below 0.50 are bearish.

Enjoy and hit the like button :)
Nota Keluaran
Added area fill color.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.