Sentiment Ratio Oscillator for MT4 Download – Free – [TradingFinder]

The Sentiment Ratio Oscillator is used to measure market tendencies and identify overbought and oversold areas.

This indicator, using Exponential Moving Averages (EMA) and price fluctuations, analyzes the collective sentiment of traders towards a specific symbol and displays it as an oscillating curve below the price chart.

Specification Table of Sentiment Ratio Oscillator

The table below includes the specifications of the Sentiment Ratio Oscillator:

Sentiment Ratio Oscillator at a Glance

The signaling of the Sentiment Ratio Oscillator is based on identifying overbought and oversold areas.

When the curve reaches these zones, it indicates a trend reversal, and subsequently, the crossovers of the lines are considered as suitable entry points for trades.

Buy Setup

Based on the Solana (SOL) cryptocurrency chart in the 1-hour time frame, the oscillator curve has reached the oversold zone and the trend has reversed.

In this condition, the upward crossover of the curve with the grey line is considered the entry point for buy trades.

Sell Setup

According to the USD/CHF chart, after the price reached the overbought zone, it reversed downward.

In this situation, the crossover point of the lines can be considered as a sell setup.

Sentiment Ratio Oscillator Settings

The settings of the Sentiment Ratio Oscillator are as follows:

• Time frame: Active time frame for indicator calculation
• Sentiment zone period: Number of candles for market sentiment zone calculation
• Sentiment zone MA method: Type of moving average for sentiment zone
• Price applied: Base price for calculation
• Price filtering period: Number of candles for price filtering
• Price filtering method: Type of moving average for price filtering
• Levels period: Number of candles for sensitive levels calculation
• Levels percent: Percentage for overbought and oversold zones
• Average period: Number of candles for main indicator line averaging
• Average type for sentiment zone signal line: Type of average for sentiment zone signal line
• Color change on: Criteria for indicator line color change
• Turn alerts on: Alerts activation option
• Alerts on current: Current candle alerts
• Alerts message: Message alert option
• Alerts sound: Sound alert option
• Alerts email: Email alert option
• Interpolate: Continuous oscillator curve display
• Notification: Notification sending option
• MESSAGE_TIMEOUT: Time interval between alert messages
• MESSAGE_SUBJECT: Subject of alert message

Conclusion

The Sentiment Ratio Oscillator, using moving averages and percentage levels, identifies overbought and oversold areas.

Also, the crossover of the oscillator curve with the grey line (representing market sentiment) is usually considered a suitable entry point for trades.