Learn about a powerful indicator on TradingView called Boysen Sentiment Strength, built on different oscillators and histograms that measure market strength. It includes RSI, MACD, stochastic, alligator, and volume bars. By analyzing blue and red waves and interpreting changes in volume bars, it helps to evaluate bullish and bearish sentiment in the market. It is best suited for short-term trading strategies and can quickly evaluate the market sentiment, helping to confirm trading signals.
The Ultimate Trading Power: Using the Boys and Sentiment Strength Indicator
Introduction: Introducing the Boys and Sentiment Strength Indicator on Trading View
Indicator Overview: Explaining the Boys and Sentiment Strength Indicator and its Components
Adding Oscillators: Adding Different Oscillators and Adjusting Scaling for Indicators
Interpreting the Indicator: How to Interpret the Indicator for Trading
Volume Bias: Understanding the Purple Bar Volume Bias and Its Significance
Blue and Red Waves: Evaluating Positive and Negative Sentiment Based on Blue and Red Waves
Cautions for Flat Markets: Understanding What to be Cautious of in Flat Markets
Strength of Sentiment: Using Volume Bars to Evaluate the Strength of Sentiment
Short-term Trading: How to Utilize the Indicator for Short-term Trading
Conclusion: Final Thoughts and Advice for Using the Boys and Sentiment Strength Indicator in Trading