OPEN-SOURCE SCRIPT
Big Player Sentiment v7 - Trend Protected
Big Player Sentiment v7 –
Indicator Name: Big Player Sentiment v7
Type: Non-overlay pane indicator (appears below the price chart)
Purpose: Approximates institutional ("big player") sentiment by combining positioning flows, breadth, valuations, momentum, volume, risk, and trend protection. It generates clear BUY (green) or SELL (red) signals to identify rotation and accumulation/distribution zones. Ideal for filtering trades, especially options premium selling in value/rotation stocks.
How It Works (Overall)
A single blue line (smoothed sentiment score) oscillates around zero.
Crossing above +0.35 with supporting volume → Big Player BUY (green background + label).
Crossing below -0.5 while below the 200-day MA → Big Player SELL (red background + label).
Indicator Name: Big Player Sentiment v7
Type: Non-overlay pane indicator (appears below the price chart)
Purpose: Approximates institutional ("big player") sentiment by combining positioning flows, breadth, valuations, momentum, volume, risk, and trend protection. It generates clear BUY (green) or SELL (red) signals to identify rotation and accumulation/distribution zones. Ideal for filtering trades, especially options premium selling in value/rotation stocks.
How It Works (Overall)
A single blue line (smoothed sentiment score) oscillates around zero.
Crossing above +0.35 with supporting volume → Big Player BUY (green background + label).
Crossing below -0.5 while below the 200-day MA → Big Player SELL (red background + label).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.