Part 37 in the Price Action Analysis Toolkit Development series introduces the Sentiment Tilt Meter (STM), designed to tackle cluttered data visualizations in trading. STM aggregates candle-level metrics across configurable timeframes, producing a scalar score from -100 to +100. Displayed on a compact dashboard, it maintains clarity through persistent annotations anchored to timestamps and price levels. It enables precise rule-based settings for tuning sensitivity, ensuring a balance between noise suppression and responsiveness.

In the MQL5 implementation, the STM incorporates a methodical process, starting with environment setup in MetaTrader 5 and MetaEditor. The EA template initializes with strict property declarations, constant settings, and essential libraries like Trade.mqh. User-configurable inputs determine timeframe signals, smoothing, and alert pa...

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#MQL5 #MT5 #Sentiment

Introducing a technical solution for traders seeking to leverage retail sentiment: the Ziwox Retail Sentiment EA. This Expert Advisor employs data from the Ziwox API to implement a contrarian strategy by analyzing retail trader sentiment. Overextended market conditions often occur when most retail traders take one side. By understanding these positions, traders can apply contrarian moves, potentially in synergy with broader market trends and institutional flows.

The advisor retrieves sentiment data via an API call, interpreting the Retail Long and Short Ratios. The contrarian logic triggers sell trades if the long sentiment exceeds a certain threshold with a confirmed technical trend and triggers buys in the opposite scenario. A technical filter with moving averages ensures trades align with established trends, preventing this from crowding.

Automated trad...

👉 Read | Calendar | @mql5dev

#MQL4 #MT4 #Sentiment