Premium Market Sentiment Oscil
Premium Market Sentiment Oscil
Overview
The Market Sentiment Oscillator is a Pine Script v6 indicator for TradingView that assesses market context with a composite oscillator. It blends MACD, RSI, and Volume Price Trend (VPT) into a normalized score, with optional multi-timeframe (MTF) averaging and optional trail lines to visualize recent extremes. Weighting and normalization are used to keep the scale consistent across symbols and timeframes. A compact status table summarizes sentiment, trend, and turning-point markers.
Legal Disclaimer for TradingScript Solutions
The TradingView Pine Script 6 scripts provided by TradingScript Solutions, LLC are for informational and educational purposes only and do not constitute financial advice. All scripts, indicators, and tools are provided "as is" without warranties of any kind, express or implied, including accuracy, reliability, or fitness for a particular purpose. Users assume full responsibility for their use of the scripts and any trading decisions made. TradingScript Solutions, LLC is not liable for any losses, damages, or risks arising from the use of our products. Trading involves significant risk, and users should consult a qualified financial advisor before making investment decisions.
Features
- Composite Sentiment Score: Structured blend of MACD, RSI, and normalized VPT.
- Multi-Timeframe Context: Optional averaging with a higher timeframe score.
- Visual Trails: Extreme-to-extreme lines and optional previews for context (charting aid).
- Adaptive Coloring: Gradient or solid coloring based on direction and magnitude.
- Turning-Point Markers: Hypothetical and Verified labels for tops/bottoms.
