This technical analysis indicator provides information on market sentiment, trend and price levels. It uses data such as Volume, Open_Close, Chaikin Volatility and Chaikin Money Flow to calculate market sentiment. It also allows you to adjust spreads, detect trends and visualize price levels and pips. It is a useful tool to identify the prevailing force in the market, anticipate price movements and improve trading decision making.

In the description, I indicate the important parameters; the rest are style configurations such as color, line type, and font size.

Data

Sentiment calculations are based on selecting from Volume, Open_Close, Chaikin Volatility, and Chaikin Money Flow.

Range Length * 10

The value indicates the number of candles (periods) the calculation is based on – the value is multiplied by 10.

Add Zoom

To keep the chart centered, this also helps to consider situations like consolidation and trend changes.

Margin

Allows adjusting the top and bottom margins to improve visualization.

Show Sentiment

Sentiment indicates which force is stronger in the market at the moment. If the yellow bars increase in size, it means there are more sellers, and vice versa. If you do not wish to see the sentiment visualization, you can hide it on the right side.

Level

This is an extra feature that can be used as a reference for prices and pips at each level. When you select a level where you want to place the buy order, it indicates the pips at each level that the price can reach.

Trend Detection

Depending on the trend of the asset, the background of the Range Box changes: green if it is bullish and red if it is bearish.

Max / Min

These are the blue and yellow lines that change their position according to the prediction of where the price might go. The Range Box is divided into 9 sections to help determine the price inflection points, serving as a Fibonacci Retracement.

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Good luck 😀