ProfitProgrammers

Sentiment Zone Oscillator

Here's a (forgotten but still useful) Sentiment Zone Oscillator. The Sentiment Zone Oscillator takes a sum of positive price candles over a user-specified window length. Normally, a triple exponential moving average of the sum is used, but we opted to just go with a double EMA for the sake of more responsiveness. When the histogram is green it is bullish and red/pink means bears.

Open-source script

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.

Want to use this script on a chart?
-Profit Programmers
http://www.profitprogrammer.com

Comments

thanks
whats the difference between red bar above the zero line and red bar below the zero line?
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I likes it sir !
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Nice work
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@AlishaK_, thanks!
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