ATRH -Market Sentiment Indicator
This indicator signals the degree of price volatility . The long and short signals are generated when the indicator starts plotting either on top of the closing price or below the closing price. The long and short signals are generated with the method of trend following, calculation of average true range and average true range multiplier along with other powerful calculations called sensitivity which controls the signal generation speed while the Average true range multiplier controlling the number of signals to be produced. ATR based trailing stop feature is also available.
This indicator is easy to use and gives an accurate reading about ongoing trends, sentiments, and volatility or momentum. It has alert feature for long and short signals so traders can be aware of certain signals either for long or short. Has beautiful background color which represents the overall market sentiment for any financial instrument where the indicator has been used. The light red background color indicates bearish sentiment while green as they bullish sentiment.
ATRH -Market Sentiment Indicator download link