The thinkorswim Market Sentiment Indicator (zScore Library) package includes six (6) lower studies. The indicator set, as a whole, are lower studies that plot the relative movement of a broad range of market-wide asset groups and breadth measures. The packaged studies work on any aggregation period and also have an editable comparison lookback period. They also auto-correct data gaps embedded within thinkorswim data feeds. The study works with any company stock ($AMZN, $APPL, $GOOG, $TSLA, $MSFT), equity index etf ($SPY, $QQQ, $IWM, $DIA) and futures (/ES, /NQ).
The thinkorswim Market Sentiment Indicator includes 5 separate lower studies that separate the 30 tracked underlying assets in various categories: early warning signal, sentiment, contrarian, late warning and the summary, that encompassed them all. Each of these categories consists of a different lower study. The indicator focuses on thirty (30) individual assets and indicators in various classes. Examine both their real and perceived movements against any underlying. Most useful against indices or index tracking etfs.
The indicator also includes the zScore Accumulation and Distribution study. This study generates a bullish or bearish sentiment signal relative to the thirty (30) tracked assets. You can use this in contrarian fashion to buy or sell the underlying being reviewed.
The information contained therein, or inferred from the product therein, are not intended as, and shall
not be construed or understood to be financial advise or any promise of success, profit or guarantee of
such. The creator of this product is neither a financial advisor, attorney or an accountant, or holding out to
be, and the information contained therein or inferred from the product therein is not, and should not be
seen or interpreted to be financial advise of any kind. The creator of this product is absolutely no aware
of your individual circumstances and making any guarantee, implied or not, of any performance result:
positive or negative. The creator has attempted, to the best of his ability, to generate a useful product for
those interested in engaging in trading of the underlying securities mentioned therein. Nothing contained
herein should be viewed as a substitute to professional financial advise fit for your situation and your
individual circumstances. In addition to this, the purchase of the materials implies that you agree that any reproduction, resale,
reuse or usage not otherwise permitted by the owner is strictly prohibited.