OPEN-SOURCE SCRIPT
market sentiment
This code acts as a Market Momentum & Intensity Tracker. It converts raw price and volume data into a clear "Mood Dashboard" to help you identify the strength of a trend.
Simple Breakdown of What the Code Does:
* Data Extraction:
It automatically pulls data (Price and Volume) for the asset you select from the menu, such as NIFTY, BANKNIFTY, CNXFINANCE, or HDFCBANK, regardless of which chart you are currently viewing.
* The "Intensity" Logic:
The code calculates a Speed Ratio. It compares today's Candle Body Size and Trading Volume against their 20-day averages.
* High Ratio (> 2.0): Means the move is twice as strong as usual (Institutional activity).
* Low Ratio (< 1.2): Means the move is weak or standard (Retail activity).
* Classification into 6 Stages:
Based on the color of the candle (Red for Selling, Green for Buying) and the Speed Ratio, it classifies the market into 6 specific "Sentiments":
* Stage 1 (Heavy): Panic selling or aggressive FOMO buying.
* Stage 2 (Normal): A steady, healthy trend.
* Stage 3 (Low): Exhaustion; the move is slowing down or stabilizing.
* Visual Dashboard:
It creates a clean, customizable table on your chart showing the last 7 days of data. This allows you to see at a glance if the market is shifting from "Panic Selling" to "Stable Buying."
The Main Benefit:
It filters out "Market Noise." By looking at the Sentiment column, you can avoid "catching a falling knife" during Heavy Selling or chasing a rally that has already reached Low Buying (Exhaustion) levels.
In short: It tells you not just where the price is going, but with how much force it is moving.
Simple Breakdown of What the Code Does:
* Data Extraction:
It automatically pulls data (Price and Volume) for the asset you select from the menu, such as NIFTY, BANKNIFTY, CNXFINANCE, or HDFCBANK, regardless of which chart you are currently viewing.
* The "Intensity" Logic:
The code calculates a Speed Ratio. It compares today's Candle Body Size and Trading Volume against their 20-day averages.
* High Ratio (> 2.0): Means the move is twice as strong as usual (Institutional activity).
* Low Ratio (< 1.2): Means the move is weak or standard (Retail activity).
* Classification into 6 Stages:
Based on the color of the candle (Red for Selling, Green for Buying) and the Speed Ratio, it classifies the market into 6 specific "Sentiments":
* Stage 1 (Heavy): Panic selling or aggressive FOMO buying.
* Stage 2 (Normal): A steady, healthy trend.
* Stage 3 (Low): Exhaustion; the move is slowing down or stabilizing.
* Visual Dashboard:
It creates a clean, customizable table on your chart showing the last 7 days of data. This allows you to see at a glance if the market is shifting from "Panic Selling" to "Stable Buying."
The Main Benefit:
It filters out "Market Noise." By looking at the Sentiment column, you can avoid "catching a falling knife" during Heavy Selling or chasing a rally that has already reached Low Buying (Exhaustion) levels.
In short: It tells you not just where the price is going, but with how much force it is moving.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。