Market Sentiment Pro is a real-time trading indicator designed for the cTrader Desktop platform. It analyzes crowd psychology to identify market tops and bottoms by detecting when over 75% of traders are positioned on one side, signaling potential market exhaustion and reversals. Key features include:
- Live Sentiment Dashboard: Visualizes the ongoing Bull vs. Bear dynamics with an Extreme Heatmap indicating overbought or oversold conditions and an Intensity Meter measuring crowd conviction strength.
- Smart Reversal Arrows: Provides buy signals when the crowd is excessively bearish and sell signals when the crowd is excessively bullish, highlighting high-probability reversal points.
- Divergence Detector: Automatically identifies discrepancies between price action and crowd sentiment, signaling potential trap setups.
- Custom Alerts: Offers notifications via sound, pop-ups, and Telegram (if configured) to ensure timely awareness of market moves.
The indicator is optimized for instruments such as XAUUSD (Gold), BTCUSD, EURUSD, GBPUSD, and US30. It relies on strictly real-time sentiment data and does not support backtesting due to the absence of historical crowd data. Market Sentiment Pro assists traders by revealing crowd behavior to inform contrarian trading decisions, aiming to improve entry and exit timing based on market sentiment shifts.