Does anyone have a really good Market Sentiment Indicator

[shaanbae]

I have this one, but idk how accurate it is. Supposedly the big banks go short or long based on what the majority of retail traders are doing. So we trade the opposite of what the majority is doing. There's also market sentiment indicators on google if you type it in, like myfxbook. I'm going to front test this strategy. I'm tired of getting frustrated guys.

 

[axlgnr2020]

I have this one, but idk how accurate it is. Supposedly the big banks go short or long based on what the majority of retail traders are doing. So we trade the opposite of what the majority is doing. There's also market sentiment indicators on google if you type it in, like myfxbook. I'm going to front test this strategy. I'm tired of getting frustrated guys.

Is it relevant ?

 

[shaanbae]

Is it relevant ?

no i gave up on that strategy

 

[lurhays]

Im always looking at The Fear & Greed Index on CNN markets section. Just google Fear & Greed Index.

The index is a way to gauge stock market movements and whether stocks are fairly priced. The theory is based on the logic that excessive fear tends to drive down share prices, and too much greed tends to have the opposite effect.