Fundur - Market Sentiment A

Fundur - Market Sentiment A: Complete Trading Indicator Guide

Indicator Overview

The Fundur - Market Sentiment A is a revolutionary multi-timeframe sentiment analysis indicator that combines advanced ZigZag pivot detection, wave-based structure analysis, and comprehensive market sentiment evaluation into one powerful trading tool. This indicator is designed to identify high-probability reversal points and trend continuations by analyzing market sentiment across 11 different timeframes simultaneously.

What Makes Market Sentiment A Unique?

Market Sentiment A is a sophisticated ZigZag system that utilizes the Market Sentiment B oscillator to perform advanced on-chart analysis against price action. By introducing Histogram-Correlated ZigZag Analysis - a breakthrough methodology that correlates sentiment histogram waves with actual price pivots to identify validated market extremes. Unlike static pivot indicators, Market Sentiment A provides dynamic analysis that adapts to changing market conditions while maintaining precise accuracy in pivot identification.

Core Methodology

The indicator operates on the principle that market sentiment oscillates in measurable waves that precede price movements. By analyzing sentiment patterns across multiple timeframes and correlating them with histogram wave behavior, traders can identify precise entry and exit points with quantifiable strength ratings and comprehensive wave event analysis.

Key Features

🎯 Revolutionary ZigZag System

• Histogram-Correlated Detection: Unique correlation between sentiment waves and price pivots
  
• Dynamic Speed Control: High, Medium, Low sensitivity settings for different market conditions
  
• Validated Extremes: Only confirmed pivots are marked with comprehensive validation system
  
• Real-Time Correlation: Live correlation between histogram turns and price extremes
  

📊 Multi-Timeframe Sentiment Engine

• 11 Timeframe Analysis: Simultaneous analysis across periods from 8 to 987 bars
  
• Advanced Sentiment Calculation: Proprietary algorithm combining multiple sentiment factors
  
• Momentum Wave Integration: 34-period momentum waves for trend context
  
• Dynamic Smoothing: Optional smoothing for cleaner signals
  

🧠 Intelligent Wave Event Tracking

• Green Wave Events: Bullish histogram wave analysis with comprehensive event detection
  
• Red Wave Events: Bearish histogram wave analysis with detailed event tracking
  
• Event Deduplication: Advanced system prevents duplicate event detection
  
• 10+ Event Types: MPIV, HTURN, TRI, SW, VOL, MDIV, HDIV, PDIV and more
  

⚖️ Advanced Strength Rating System

• 0-100 Strength Score: Comprehensive strength calculation for every pivot
  
• Multi-Factor Analysis: Based on wave events, trend context, structure, and sentiment
  
• Real-Time Calculation: Dynamic strength scoring as conditions change
  
• Strength Breakdown: Detailed tooltip showing strength components
  

🎨 Sophisticated Visual System

• Validated Pivot Labels: Clear ✓ markers for confirmed extremes
  
• Structure Analysis: HH/HL/LH/LL structure identification with trend context
  
• Dynamic ZigZag Lines: Connecting validated extremes with trend-based coloring
  
• Bar Coloring Options: Momentum swings and market sentiment bar coloring
  
• Comprehensive Tooltips: Detailed information on hover for every pivot
  

Setup Guide

Step 1: Adding the Indicator

1. Open TradingView and navigate to your desired chart
   
2. Click the "Indicators" button or press "/" key
   
3. Search for "Fundur - Market Sentiment A"
   
4. Add the indicator to your chart
   

Step 2: Core System Configuration

ZigZag System Settings
✅ Enable ZigZag System: ON (Core functionality)
ZigZag Speed: Choose based on your trading style:

• High Speed: Most sensitive, fastest detection (2-bar lookback) - Best for scalping
  
• Medium Speed: Balanced approach (3-bar lookback) - Recommended for most traders
  
• Low Speed: Most reliable, slower detection (4-bar lookback) - Best for swing trading
  

✅ Show ZigZag Lines: ON (Visual connection of validated pivots)

Bar Coloring Settings
⚠️ Momentum Swings: OFF (Avoid visual clutter initially)
✅ Market Sentiment: ON (Primary sentiment-based bar coloring)

Step 3: Label Display Configuration

Essential Labels (Recommended Settings)
✅ Show Validated Pivots (✓): ON (Core validated extremes)
⚠️ Show Potential Turns (●): OFF (Reduces noise - enable once familiar)
⚠️ Show Structure Labels: OFF (Start clean, enable for advanced analysis)
⚠️ Include Trend in Structure Labels: OFF (Advanced feature)
✅ Show Strength Rating (💪): ON (Critical for trade quality assessment)
⚠️ Show Market Sentiment Wave Events: OFF (Advanced feature for later)

Label Visual Customization
Label Coloring: Standard (Highs=Red, Lows=Green)
Label Size: Normal
Label Transparency: 0%
Text Transparency: 0%

Step 4: Alert System Setup

✅ Enable Alerts: ON
⚠️ Alert Potential Bullish Turns: OFF (Disabled by design to prevent noise)
⚠️ Alert Potential Bearish Turns: OFF (Disabled by design to prevent noise)
✅ Alert ONLY on Confirmed Extremes: ON (High-quality signals only)
✅ Include Wave Events in Confirmed Alerts: ON (Comprehensive context)

Basic Trading Guide

Understanding the Dynamic ZigZag System

Market Sentiment A is fundamentally a Dynamic ZigZag System that displays validated highs and lows on your price chart. The indicator uses Market Sentiment B wave calculations internally to determine when sentiment waves finish, but these histograms and oscillators are NOT displayed on your chart.

What You See on Your Chart:

• ✓ Validated Highs: Red checkmarks marking confirmed resistance levels
  
• ✓ Validated Lows: Green checkmarks marking confirmed support levels
  
• ZigZag Lines: Connecting validated extremes to show market structure
  
• 💪 Strength Ratings: 0-100 scores indicating signal quality
  
• Structure Labels: HH/HL/LH/LL showing trend context
  

How Validation Works (Behind the Scenes):

• High Validation: Uses Market Sentiment B wave analysis to confirm when a price high represents a true resistance level
  
• Low Validation: Uses Market Sentiment B wave analysis to confirm when a price low represents a true support level
  
• Dynamic Detection: Continuously monitors sentiment waves to validate extremes in real-time
  
• Quality Filtering: Only displays the most significant highs and lows based on wave completion
  

Key Trading Concept:
Focus entirely on the validated highs and lows displayed on your chart. These represent dynamic support and resistance levels that have been confirmed by underlying sentiment analysis. The histogram and oscillator calculations happen internally - your trading decisions should be based on price action around these validated levels.

Entry Strategies

Primary Strategy: Dynamic Support/Resistance Reversals

• Setup: Wait for validated pivot with ✓ marker and strength rating displayed on chart
  
• Entry Timing: Enter on the bar when validation occurs or on pullback to the validated level
  
• Direction: Counter-trend to the validated extreme (buy at validated lows/support, sell at validated highs/resistance)
  
• Confirmation: Look for strength rating above 60 for higher probability setups
  
• Structure Context: Consider overall trend using HH/HL/LH/LL structure labels
  

Secondary Strategy: ZigZag Trend Continuation

• Setup: Identify trend direction using consecutive validated highs and lows
  
• Entry: Enter in trend direction when price pulls back to previous validated level
  
• Confirmation: Look for structure labels confirming trend (HH/HL for uptrend, LH/LL for downtrend)
  
• Strength Filter: Use strength ratings above 70 for trend continuation entries
  

Stop Loss Methodology

• For Long Positions (Validated Lows): Place stop below the validated low price level
  
• For Short Positions (Validated Highs): Place stop above the validated high price level
  
• Alternative Method: Use previous validated extreme in opposite direction as stop level
  
• Structure-Based Method: Use significant validated levels that would invalidate the trade setup
  
• Buffer Consideration: Add small buffer beyond validated level to account for wicks and spread
  

Profit Taking Strategy

For Long Positions (Validated Low Entries):

• Target 1: Previous validated high shown on chart (75% of position)
  
• Target 2: Next significant validated high or key resistance level (50% of remaining 25% = 12.5% of original position)
  
• Target 3: Extended targets using ZigZag structure analysis and trend context (remaining 12.5% of original position)
  
• Management: Move stop loss to breakeven once first target (TP1) is executed
  

For Short Positions (Validated High Entries):

• Target 1: Previous validated low shown on chart (75% of position)
  
• Target 2: Next significant validated low or key support level (50% of remaining 25% = 12.5% of original position)
  
• Target 3: Extended targets using ZigZag structure analysis and trend context (remaining 12.5% of original position)
  
• Management: Move stop loss to breakeven once first target (TP1) is executed
  

ZigZag Structure Trading Approach

• Sideways Markets: Trade between validated highs and lows - buy at support, sell at resistance
  
• Trending Markets: Use validated levels as pullback entry points in trend direction
  
• Structure Breaks: Watch for breaks of significant validated levels to signal trend changes
  
• Range Identification: Use consecutive validated highs and lows to identify trading ranges
  
• Breakout Trading: Enter when price breaks beyond validated levels with strong momentum
  

Strength Rating Interpretation

Understanding the 0-100 Strength Score
The strength rating combines multiple factors:

• Base Strength (25 points): Fundamental pivot validation
  
• Wave Events (12 points each): Number and quality of wave events detected
  
• Trend Context (5-10 points): Alignment with overall trend direction
  
• Structure Quality (3-8 points): HH/HL/LH/LL structure strength
  
• Sentiment Position (5-10 points): Extreme sentiment readings
  
• Momentum Context (5 points): Momentum divergence confirmation
  

Strength Categories

• 90-100: Exceptional strength - Highest probability setups
  
• 75-89: Strong signal - High confidence trades
  
• 60-74: Good signal - Solid trading opportunities
  
• 45-59: Moderate signal - Use additional confirmation
  
• 30-44: Weak signal - Proceed with caution
  
• Below 30: Very weak - Generally avoid
  

Wave Event Reference (Calculation Background)

Understanding Wave Events in Strength Calculations
Wave events are used internally by Market Sentiment A to calculate strength ratings and validate pivots. While these events may appear in alert messages or tooltips, they are not meant for direct trading decisions - they are calculation components that contribute to the overall strength score.

Key Wave Events (For Reference Only)

• MPIV↑/MPIV↓: Momentum pivot detection used in validation process
  
• HTURN: Histogram turn identification used for wave completion
  
• TRI↑/TRI↓: Triangle pattern detection contributing to strength calculation
  
• SW: Small wave indication affecting pivot quality assessment
  
• VOL: Volume spike detection adding to strength scoring
  
• MDIV↑/MDIV↓: Momentum divergence contributing to validation strength
  
• HDIV↑/HDIV↓: Histogram divergence used in pivot confirmation
  
• PDIV↑/PDIV↓: Price divergence analysis for strength enhancement
  

How Wave Events Affect Your Trading

• Strength Score Impact: More events generally result in higher strength ratings for validated pivots
  
• Alert Context: Events may be mentioned in alerts to provide background on signal quality
  
• Focus on Results: Instead of analyzing individual events, focus on the final strength rating and validated pivot levels
  
• Trust the System: The indicator processes these events automatically - your job is to trade the validated highs and lows
  

Analysis Setups

Setup 1: Scalping Configuration (1-5 minute charts)

Core Settings:

• ZigZag Speed: High (fastest detection for quick scalps)
  
• Show Validated Pivots: ON
  
• Show Strength Rating: ON
  
• Bar Coloring: Market Sentiment
  

Visual Settings:

• Label Size: Small (reduce visual clutter)
  
• ZigZag Lines: ON
  
• Potential Turns: ON (for immediate signals)
  

Trading Approach:

• Focus on strength ratings above 70 for scalp entries
  
• Quick entries at validated highs/lows with immediate execution
  
• Tight stops just beyond validated levels
  
• Target previous validated pivots shown on chart for quick profits
  
• Use ZigZag structure to identify rapid reversal opportunities
  

Setup 2: Day Trading Configuration (5-15 minute charts)

Core Settings:

• ZigZag Speed: Medium (balanced approach)
  
• Show Validated Pivots: ON
  
• Show Strength Rating: ON
  
• Include Wave Events: ON (for context)
  

Visual Settings:

• Label Size: Normal
  
• Show Structure Labels: ON (for trend context)
  
• ZigZag Lines: ON with trend coloring
  

Trading Approach:

• Wait for strength ratings above 60 for quality setups
  
• Use HH/HL/LH/LL structure labels for trend bias
  
• Combine reversal trades at extremes with trend continuation at pullbacks
  
• Hold positions targeting next validated pivot levels
  
• Use ZigZag structure analysis for entry timing and market context
  

Setup 3: Swing Trading Configuration (1-4 hour charts)

Core Settings:

• ZigZag Speed: Low (most reliable signals)
  
• Show Validated Pivots: ON
  
• Show Structure Labels: ON
  
• Include Trend Analysis: ON
  

Visual Settings:

• Label Size: Normal
  
• Show all wave events for comprehensive analysis
  
• Enable all alert types
  

Trading Approach:

• Focus on strength ratings above 75 for swing positions
  
• Emphasize trend continuation using ZigZag structure
  
• Use validated level breaks for major position adjustments
  
• Hold positions across multiple sessions targeting distant validated levels
  
• Use comprehensive structure analysis (HH/HL/LH/LL) for entries/exits
  

Setup 4: Position Trading Configuration (4H-Daily charts)

Core Settings:

• ZigZag Speed: Low (maximum reliability)
  
• Show Validated Pivots: ON
  
• Show Structure Labels: ON
  
• Show all analysis features
  

Visual Settings:

• Clean, comprehensive labeling
  
• Full wave event display
  
• Trend-based coloring for major bias
  

Trading Approach:

• Only trade strength ratings above 80 for position entries
  
• Focus on major ZigZag structure changes and validated level breaks
  
• Use long-term structure analysis (HH/HL/LH/LL) for bias
  
• Hold positions for weeks to months targeting major validated levels
  
• Align with fundamental analysis and major market structure
  

Setup 5: Multi-Asset Analysis Configuration

For Forex Pairs:

• Use Medium to Low speed settings
  
• Focus on major session changes
  
• Pay attention to news event correlation
  
• Use strength ratings above 70
  

For Crypto Assets:

• Medium speed for 24/7 market adaptation
  
• Higher volatility requires strength above 75
  
• Monitor weekend behavior patterns
  
• Consider market sentiment cycles
  

For Stock Markets:

• Align with market hours
  
• Consider earnings and economic events
  
• Use sector-specific analysis
  
• Respect market close/open dynamics
  

Visual Components

Core Visual Elements

• ✓ Validated Pivots: Green checkmarks for confirmed lows, red for confirmed highs
  
• ● Potential Turns: Small dots showing histogram turn correlations (optional)
  
• ZigZag Lines: Connecting validated extremes with trend-based coloring
  
• 💪 Strength Ratings: Numerical strength scores from 0-100
  
• Structure Labels: HH/HL/LH/LL with trend context (optional)
  

Bar Coloring System

• Market Sentiment Coloring: Based on sentiment oscillator position and momentum
  
• Extreme Conditions: Special coloring for extreme overbought/oversold conditions
  
• Momentum Swing Coloring: Alternative coloring based on momentum analysis
  

Advanced Visual Features

• Wave Event Labels: Comprehensive event display within pivot labels
  
• Trend Context: Dynamic trend identification and display
  
• Strength Breakdown: Detailed tooltips showing strength components
  
• Custom Coloring Modes: Standard vs trend-based coloring options
  

Alert System

Core Alert Types

• Validated High Confirmed: When red wave validates ultimate high with full context
  
• Validated Low Confirmed: When green wave validates ultimate low with full context
  
• Trend Change Detected: When structure analysis detects trend shifts
  

Alert Message Structure
Each alert includes:

• Timeframe identification
  
• Signal type (BULLISH/BEARISH)
  
• Structure context (HH/HL/LH/LL)
  
• Strength score with 💪 rating
  
• Exact price level
  
• Wave events context (if enabled)
  

Setting Up Alerts

1. Enable desired alert types in indicator settings
   
2. Focus on "Confirmed Extremes" alerts for quality
   
3. Enable wave events for comprehensive context
   
4. Test alerts on historical data first
   
5. Set up multiple notification methods
   

Risk Management Framework

Strength-Based Position Sizing

• Strength 90-100: Maximum position size (3-5% risk)
  
• Strength 75-89: Large position size (2-3% risk)
  
• Strength 60-74: Standard position size (1-2% risk)
  
• Strength 45-59: Small position size (0.5-1% risk)
  
• Below 45: Avoid or minimal size (0.25% risk maximum)
  

Stop Loss Guidelines

• Primary Method: Always use validated pivot levels for stops
  
• Buffer Method: Add small buffer beyond validation level
  
• Multiple Timeframe: Consider higher timeframe validated levels
  
• Wave Event Context: Adjust stops based on event confluence
  

Risk-Reward Optimization

• Minimum R:R: 1.5:1 for all trades
  
• Preferred R:R: 2:1 or better for strength above 70
  
• Exceptional Setups: 3:1+ for strength above 85
  
• Position Management: Take 75% at TP1, 50% of remaining at TP2, close remaining at TP3
  
• Stop Management: Move stop to breakeven after TP1 execution
  

Best Practices

Signal Quality Assessment

• Always wait for validated pivots with ✓ checkmarks displayed on chart
  
• Prioritize strength ratings above 60 for trade quality
  
• Focus on the validated high/low levels rather than underlying calculations
  
• Consider HH/HL/LH/LL structure labels for directional bias
  
• Use ZigZag line connections to understand market structure flow
  

Entry Timing Optimization

• Enter on validation bar or immediate pullback to validated level
  
• Use lower timeframes for precise entry refinement around validated levels
  
• Wait for strength score calculation completion before entry
  
• Monitor price action around validated highs and lows
  
• Consider multiple timeframe validated level alignment
  

Exit Strategy Management

• Use opposite validated pivots displayed on chart as primary targets
  
• Execute Fundur 3-stage exit: 75% at TP1, 12.5% at TP2, 12.5% at TP3
  
• Move stop loss to breakeven immediately after TP1 execution
  
• Monitor strength ratings of new validated levels that could reverse remaining position
  
• Watch for structure changes (trend breaks) via HH/HL/LH/LL labels for early exit consideration
  

Common Mistakes to Avoid

Signal Interpretation Errors

• Don't trade potential turns without ✓ validation markers
  
• Never ignore strength ratings below 45 - they indicate weak signals
  
• Don't chase signals after significant movement away from validated levels
  
• Avoid overriding clear ZigZag structure and trend context
  
• Don't ignore the relationship between consecutive validated highs and lows
  

Risk Management Failures

• Never risk more than the strength score suggests for position sizing
  
• Don't move stops against validated levels - they represent key structure
  
• Avoid oversizing on "sure thing" setups - even high-strength signals can fail
  
• Don't ignore multiple timeframe validated level context
  
• Never trade without clear invalidation levels (validated highs/lows for stops)
  

System Usage Mistakes

• Don't enable all features immediately - start simple
  
• Avoid changing speed settings mid-session
  
• Don't ignore alert system capabilities
  
• Never disable core validation features
  
• Don't overlook customization for your chart setup
  

Advanced Techniques

Multi-Timeframe ZigZag Analysis

• Use higher timeframe validated levels for major bias and targets
  
• Align lower timeframe entries with higher timeframe validated structure
  
• Look for validated level confluence across timeframes
  
• Monitor strength rating consistency of validated levels across periods
  

Advanced Structure Pattern Recognition

• Identify recurring validated level patterns and their outcomes
  
• Recognize high-probability ZigZag structure sequences
  
• Use historical validated level patterns for target projection
  
• Combine ZigZag analysis with other Fundur technical analysis tools
  

Advanced Alert Utilization

• Create custom alert combinations based on strength thresholds
  
• Use validated level break alerts for position management
  
• Combine strength rating filters with validated pivot alerts
  
• Develop systematic responses to different validated level types
  

Conclusion

The Fundur - Market Sentiment A indicator represents a breakthrough in technical analysis, providing a dynamic ZigZag system that displays validated highs and lows with unprecedented accuracy. By following the methodologies outlined in this guide and adapting the settings to your trading style, you can harness the full power of this sophisticated system for more precise and profitable trading decisions.

The key to success with Market Sentiment A lies in understanding that it is fundamentally a dynamic support and resistance system. Focus on the validated highs and lows displayed on your chart, use the strength ratings to assess signal quality, and leverage the structure analysis for trend context. Start with conservative settings, focus on high-strength signals, and gradually incorporate advanced features as you become familiar with the system's behavior across different market conditions.

Remember that this indicator provides the tools for identification and analysis - successful trading still requires proper risk management, psychological discipline, and continuous learning. Use the strength rating system as your primary guide, respect the validated pivot methodology, and always prioritize capital preservation over profit maximization.