Mass Sentiment & Contrarian (Only Signals)

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📘 Contrarian Mass Sentiment Indicator Manual
This indicator is designed to identify moments of psychological exhaustion in the market. Its philosophy is "buy panic and sell euphoria."

1. Where and how is the data taken from?
The indicator analyzes three real-time data sources to filter the signals:
• Psychology (RSI): We use the Relative Strength Index (RSI) to measure the speed and change in price movements.

• If the RSI is very high (>70-75), the "mass" is overbuying (greed).
• If the RSI is very low (<25-30), the "mass" is overselling (panic).

• Price Action (Candlesticks): It is not enough for the RSI to be at an extreme. The indicator looks for reversal patterns (Hammer, Shooting Star, or Engulfing candlesticks). This confirms that the price has indeed found a top or bottom.

• Price Action (Candlesticks): It is not enough for the RSI to be at an extreme. The indicator looks for reversal patterns (Hammer, Shooting Star, or Engulfing candlesticks). This confirms that the price has actually found a top or bottom.

• Price Action (Candlesticks): • Market Effort (Volume): At "Strong" levels, the indicator requires volume to exceed its 20-period moving average. This identifies a volume climax, which typically marks the end of a move.

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2. User Manual: Signal Interpretation
The indicator classifies opportunities according to their probability of success:
A. Intensity Levels
Label Strength Meaning Suggested Action
F-VTA / F-CPA Strong Maximum euphoria/panic + Volume + Reversal candle. High probability signal. Look for immediate entry.
M-VTA / M-CPA Medium Standard overload level + Reversal candle. Solid technical confirmation. Trade in favor of the structure.
D-VTA / D-CPA Weak The RSI is just beginning to reverse from moderate levels. Early warning. Do not enter without confirmation using other tools.

B. Trade Execution (Contrarian)
1. Location: Wait for a label to appear. The best are the Strong (F) or Medium (M) lines.

2. Stop Loss: Always place it a few pips/points above the high of the signal candle (for selling) or below the low (for buying).

3. Take Profit: * Target 1: The mid-RSI level (50).

or Target 2: The opposite RSI band (if you sold at 70, aim to close at 30).

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3. Golden Tips
• Avoid sideways markets: In very narrow ranges, the RSI can give false signals ("wobbling"). Look for signals that occur after a clear and extended trend.

• Timeframes: The indicator is most reliable on 15-minute, 1-hour, and 4-hour timeframes. On the 1-minute timeframe, market "noise" can generate constant weak signals.

• Confluence: If you see an F-VTA (Strong Sell) signal right at a historical price resistance, the probability of success increases dramatically.