PuzzlerTrades

Multi-Frame Market Sentiment Dashboard

Overview
This Pine Script™ code generates a "Market Sentiment Dashboard" on TradingView, providing a visual summary of market sentiment across multiple timeframes. This tool aids traders in making informed decisions by displaying real-time sentiment analysis based on Exponential Moving Averages (EMA).

Key Features
Panel Positioning:
  • Custom Placement: Traders can position the dashboard at the top, middle, or bottom of the chart and align it to the left, center, or right, ensuring optimal integration with other chart elements.

Customizable Colors:
  • Sentiment Colors: Users can define colors for bullish, bearish, and neutral market conditions, enhancing the dashboard's readability.
  • Text Color: Customizable text color ensures clarity against various background colors.

Label Size:
  • Scalable Labels: Adjustable label sizes (from very small to very large) ensure readability across different screen sizes and resolutions.

Market Sentiment Calculation:
  • EMA-Based Sentiment: The dashboard calculates sentiment using a 9-period EMA. If the EMA is higher than two bars ago, the sentiment is bullish; if lower, it's bearish; otherwise, it's neutral.
  • Multiple Timeframes: Sentiment is calculated for several timeframes: 1 minute, 3 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, and 1 day. This broad analysis provides a comprehensive view of market conditions.

Dynamic Table:
  • Structured Display: The dashboard uses a table to organize and display sentiment data clearly.
  • Real-Time Updates: The table updates in real-time, providing traders with up-to-date market information.

How It Works
EMA Calculation: The script requests EMA(9) values for each specified timeframe and compares the current EMA with the EMA from two bars ago to determine market sentiment.
Color Coding: Depending on the sentiment (Bullish, Bearish, or Neutral), the corresponding cell in the table is color-coded using predefined colors.
Table Display: The table displays the timeframe and corresponding sentiment, allowing traders to quickly assess market trends.
Benefits to Traders
  • Quick Assessment: Traders can quickly evaluate market sentiment across multiple timeframes without switching charts or manually calculating indicators.
  • Enhanced Visualization: The color-coded sentiment display makes it easy to identify trends at a glance.
  • Multi-Timeframe Analysis: Provides a broad view of short-term and long-term market trends, helping traders confirm trends and avoid false signals.

This dashboard enhances the overall trading experience by providing a comprehensive, customizable, and easy-to-read summary of market sentiment.

Usage Instructions
Add the Script to Your Chart: Apply the "Market Sentiment Dashboard" indicator to your TradingView chart.
Customize Settings: Adjust the panel position, colors, and label sizes to fit your preferences.
Interpret Sentiment: Use the color-coded table to quickly understand the market sentiment across different timeframes and make informed trading decisions.

Skrip open-source

Dalam semangat TradingView, penulis dari skrip ini telah mempublikasikannya ke sumber-terbuka, maka trader dapat mengerti dan memverifikasinya. Semangat untuk penulis! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.

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