Vaultfy Sentiment ApexVaultfy Sentiment Apex is a high-precision sentiment oscillator designed to identify market exhaustion zones and trend reversals through a normalized dual-line approach.
By analyzing RSI data across customizable timeframes and applying advanced normalization, this indicator tracks the "tug-of-war" between bullish and bearish sentiment, providing clear visual cues when the market reaches overextended levels.
How it works:
The indicator plots two contrasting sentiment lines:
Red Line: Represents the primary sentiment momentum.
Green Line: Represents the counter-sentiment momentum.
Unlike standard oscillators, Vaultfy Sentiment Apex uses a dynamic normalization window to ensure that the 0-100 scale remains relevant to recent historical price action, rather than static overbought/oversold levels.
Key Features:
Exhaustion Zones (95 & 5): The indicator features static "Warning Zones" at the top (Red, 95-100) and bottom (Green, 0-5). These represent extreme exhaustion.
Dynamic Extreme Fill: To keep your chart clean, the area between the lines only highlights when one of the sentiment lines penetrates the 95 or 5 levels. This instantly alerts you to high-probability reversal or cooling-off zones.
Multi-Timeframe Engine: Built-in MTF capability allows you to track Monthly or Weekly sentiment while trading on lower timeframes.
Customizable Smoothing: Dual EMA smoothing (RSI and Final) allows you to filter out market noise and focus on the core trend.
Usage Tips:
Sentiment Extremes: When the dynamic fill appears in the Top Red Zone, the market is heavily overextended to one side—watch for a potential top or consolidation.
Sentiment Extremes: Conversely, a fill in the Bottom Green Zone suggests the sentiment has hit a floor, often preceding a bounce or trend shift.
Crossovers: Watch for the Green and Red lines crossing as early signals of momentum shifts within the neutral 5-95 range.
Pine Script® indicator
