Retail Sentiment v2

by programsforfx in category Trend at 05/05/2019
Description

Most of us have heard the following sentence over and over again,
"95% of retail forex traders lose money"

What if there was a way to know where the majority of retail traders were positioned in any given symbol at any given time?

I hereby present to you the "Retail Sentiment" indicator, the best contrarian and only indicator you'll ever need.
Simply trade against the majority of retail traders and you'll be guaranteed to profit.

Trade like the brokers: short when most clients are getting long and watch their stops take you into consistent profit. Pair this indicator with any system you have for ultimate directional bias.

Contact programsforfx@gmail.com for price.

Download
145 downloads
How to install
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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;

namespace cAlgo
{
    [Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class RetailSentiment : Indicator
    {
        protected override void Initialize()
        {
            ChartObjects.DrawText("RetailSentiment", "Please contact programsforfx@gmail.com", StaticPosition.Center, Colors.Red);
        }

        public override void Calculate(int index)
        {
            // Calculate value at specified index
            // Result[index] = ...
        }
    }
}
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