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SPK Sentiment Indicator
This indicator analyzes various technical indicators, standardizes their values to a range between -1 and 1, applies weights, and calculates an average value, which is displayed on the diagram.
The diagram turns green when the sentiment is oversold and red when it is overbought.
The entry criteria are also simple. A long position should be taken when green changes to gray, and a short position when red changes to gray—on closed candles, of course.
The diagram turns green when the sentiment is oversold and red when it is overbought.
The entry criteria are also simple. A long position should be taken when green changes to gray, and a short position when red changes to gray—on closed candles, of course.
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