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Divergence Macro Sentiment Indicator (DMSI)

The Divergence Macro Sentiment Indicator (DMSI)
Think of DMSI as your daily “mood ring” for the markets. It boils down the tug-of-war between growth assets (S&P 500, copper, oil) and safe havens (gold, VIX) into one clear histogram—so you instantly know if the bulls have broad backing or are charging ahead with one foot tied behind.
🔍 What You’re Seeing
Green bars (above zero): Risk-on conviction.
Red bars (below zero): Risk-off caution.
Zero line: The line in the sand between “full-steam ahead” and “proceed with care.”
📈 How to Read It
Cross-Zero Signals
Divergence Warnings
Strength Confirmation
💡 Trade Guidance & Use Cases
Trend Filter: Only take your S&P or sector-ETF long setups when DMSI is non-negative—avoids hollow rallies.
Macro Pair Trades:
Risk Management:
Swing Confirmation: Overlay on any oscillator or price-pattern system—accept signals only when the macro tide is flowing in your favour.
🚀 Why It Works
Markets don’t move in a vacuum. When stocks rally but the “real-economy” metals and volatility aren’t cooperating, something’s off under the hood. DMSI catches those cross-asset cracks before price alone can—and gives you an early warning system for smarter entries, tighter risk, and bigger gains when the macro trend really kicks in.
Think of DMSI as your daily “mood ring” for the markets. It boils down the tug-of-war between growth assets (S&P 500, copper, oil) and safe havens (gold, VIX) into one clear histogram—so you instantly know if the bulls have broad backing or are charging ahead with one foot tied behind.
🔍 What You’re Seeing
Green bars (above zero): Risk-on conviction.
- Equities and commodities are rallying while gold and volatility retreat.
Red bars (below zero): Risk-off caution.
- Gold or VIX are climbing even as stocks rise—or stocks aren’t fully joined by oil/copper.
Zero line: The line in the sand between “full-steam ahead” and “proceed with care.”
📈 How to Read It
Cross-Zero Signals
- Bullish trigger: DMSI flips up through zero after a red stretch → fresh long entries.
- Bearish trigger: DMSI tumbles below zero from green territory → tighten stops or go defensive.
Divergence Warnings
- If SPX makes new highs but DMSI is rolling over (lower green bars or red), that’s your early red flag—rallies may fizzle.
Strength Confirmation
- On pullbacks, only buy dips when DMSI ≥ 0. When DMSI is deeply positive, you can be more aggressive on position size or add leverage.
💡 Trade Guidance & Use Cases
Trend Filter: Only take your S&P or sector-ETF long setups when DMSI is non-negative—avoids hollow rallies.
Macro Pair Trades:
- Deep red DMSI: go long gold or gold miners (GLD, GDX).
- Strong green DMSI: lean into cyclicals, industrials, even energy names.
Risk Management:
- Scale out as DMSI fades into negative territory mid-trade.
- Scale in or add to winners when it stays bullish.
Swing Confirmation: Overlay on any oscillator or price-pattern system—accept signals only when the macro tide is flowing in your favour.
🚀 Why It Works
Markets don’t move in a vacuum. When stocks rally but the “real-economy” metals and volatility aren’t cooperating, something’s off under the hood. DMSI catches those cross-asset cracks before price alone can—and gives you an early warning system for smarter entries, tighter risk, and bigger gains when the macro trend really kicks in.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。