What is the Sentiment indicator?
This is an indicator of the platform. Each trading platform has its own statistic calculation method to generalize the behaviours of all the traders. In Olymp Trade, the method is created under the form of an indicator called Sentiment. It shows the behavioural status of traders in Olymp Trade. You can rely on this indicator and make the right decision when trading.
How to set up Sentiment indicator in Olymp Trade
In Olymp Trade screen, at Indicator tab, choose Sentiment.
This indicator is special, it lies at the left corner of the screen and shows itself with a vertical green line and a vertical red line. At the end of the 2 lines, there are numbers that show the percentage of traders who choose the UP or DOWN.
What Sentiment indicator means for traders
When red line has the advantage over green line (red line is longer than green line). It means that at the moment more traders buy the DOWN than those who buy the UP, more traders believe that price will go down in the future.
On the contrary, when green line has the advantage and becomes longer than red line. It means that at the moment, more traders choose UP and believe price will go up in the future.
Using Sentiment indicator when trading in Olymp Trade
Relying on the law of supply-demand Olymp Trade. Traders who follow this way of trading will buy the UP when the green line has the advantage in Sentiment indicator and vice versa, buy DOWN when the red line has the advantage.
If you do not have an Olymp Trade account, you can register here.
Wish you success!