Pair with , , or Moving Average lines on your chart for good results.
How to use this indicator:
Blue above 0 is positive sentiment, red below 0 is negative sentiment.
If you have blue above and red below, be cautious! The Bass is telling you that we have a battle between the Bulls and the Bears!
The purple bars are your bias. bias can be positive or negative, despite the direction of the overall trend. Positive Bias along with Blue Sentiment is a great sign! Go Long! If you have Sentiment and have a negative Bias, be cautious! Price may not be moving with much conviction, and may be subject to reversal!
This is basically several different histograms overlaying one another, and they are blue above 0 and red below 0.
MACD Histogram - Standard Histogram here.
RSI Histogram - This is a standard . It has been adjusted to "oscillate" above and below zero, which would be the 50 line on a normal chart.
Slow Histogram - This is a slow with a 21 Period K, 14 Period D, and 14 Smoothing K. The "oscillator" histogram is formed by subtracting K from D.
Awesome Oscillator - This is a standard
Alligator Oscillator - This is formed by adding (lips + teeth) + (teeth - jaw)
Volume Bias - The Bias is displayed as purple bars, and is calculated by a highly sophisticated and complex algorithmic function called subtraction. It's just the 30 Period Minus the 30 .
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.