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NEESON Plus Crypto Market Sentiment Indicator

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Core Features
1. Multi-Factor Sentiment Scoring System
Comprehensive Algorithm: Combines 6 different market indicators

Weighted Scoring: Each factor contributes with different weights

Real-time Calculation: Updates with every new bar

Smoothing Mechanism: Triple EMA smoothing for stable signals

2. Advanced Technical Indicators Integration
Multi-Timeframe RSI: 1H, 4H, and Daily RSI analysis

Volume Analysis: Volume spikes and decline detection

ATR Volatility: Market volatility assessment

MACD Momentum: Trend momentum confirmation

Bollinger Bands: Price position analysis

3. Proprietary Indicator Calculations
AHR999 Proxy: Enhanced version for crypto markets

Puell Multiple Proxy: Dynamic calculation with RSI adjustment

PI Cycle Top: Multi-moving average cycle analysis

CBBI Enhanced: Crypto Bull Bear Index with momentum

Market Volatility Sentiment: Volatility-based sentiment scoring

Volume Sentiment: Volume-based market sentiment

Signal Generation System
4. Multi-Condition Signal Filters
Strong Buy/Sell Signals: Multiple confirmation requirements

Warning Signals: Early entry/exit indications

Confirmation Bars: User-configurable signal confirmation

Trend Filter: Optional trend alignment requirement

Volume Filter: Volume spike confirmation

Volatility Filter: ATR-based market condition filtering

Momentum Filter: MACD momentum confirmation

5. Advanced Signal Management
Signal State Tracking: Maintains current position state

Duration Tracking: Tracks how long signals have been active

Entry Score Recording: Records sentiment score at entry

Consecutive Signal Counting: Prevents signal flipping

Exit Conditions: Multiple exit criteria for risk management

Visualization Features
6. Professional Chart Display
Dual Score Plotting: Comprehensive and raw sentiment scores

Color-Coded Background: Real-time market sentiment coloring

Threshold Lines: Clear visual reference levels

Area Fills: Colored zones for different sentiment levels

Signal Markers: Visual indicators for buy/sell signals

7. Information Panel
Real-time Data Display: Current scores and signals

Position Tracking: Duration and entry information

Performance Metrics: Floating P/L calculation

Market Status: RSI, Volume, Volatility, MACD status

Configuration Status: Current filter settings

Customization Options
8. User-Configurable Parameters
Threshold Settings: Adjustable buy/sell/exit levels

Filter Toggles: Enable/disable various filters

Indicator Periods: Customizable calculation periods

Color Settings: Fully customizable color scheme

Signal Duration: Minimum signal duration requirements

9. Alert System
Strong Buy/Sell Alerts: Immediate notification for strong signals

Warning Alerts: Early signal notifications

Custom Alert Messages: Clear, descriptive alert texts

Multiple Timeframe Compatibility: Works across all timeframes

Risk Management Features
10. Built-in Protection Mechanisms
Signal Confirmation: Prevents false signals

Exit Triggers: Multiple exit conditions

Position Duration Limits: Automatic exit after prolonged periods

Profit/Loss Tracking: Real-time performance monitoring

Volatility Adjustment: Adapts to market conditions

Technical Specifications
11. Performance Optimization
Efficient Calculation: Optimized for real-time performance

Multi-Timeframe Support: Works on all chart timeframes

Resource Management: Controlled line and label counts

Precision Control: Adjustable decimal precision

12. Compatibility
Cryptocurrency Focus: Specifically designed for crypto markets

Multi-Asset Support: Works with all TradingView symbols

Platform Compatibility: Fully compatible with TradingView platform

Mobile Support: Responsive design for mobile devices

Usage Benefits
Comprehensive Analysis: Single indicator providing multiple insights

Clear Signals: Easy-to-understand buy/sell indications

Customizable: Adaptable to different trading styles

Risk-Aware: Built-in risk management features

Professional Grade: Institutional-level analysis tools

User-Friendly: Intuitive visual interface

Educational: Helps understand market sentiment dynamics

This indicator is designed to provide traders with a comprehensive market sentiment analysis tool specifically optimized for cryptocurrency markets, combining traditional technical analysis with crypto-specific metrics.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.