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2 Trading Setups with the Sentiment Index
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I think you’ll agree when I say that one of the most difficult tasks when reading a chart is to understand the real sentiment of the Market participants.
What if you can do it with a really simple and intuitive indicator?
In this article, you’ll learn two popular Trading Setups with the Sentiment Index, one of the best Trading Indicators for TradingView.
The Sentiment Index was developed to reveal the actual Sentiment of the market in real-time.
Even a beginner trader can now understand the real Sentiment, be it positive or negative, and adjust his trades accordingly.
The best part?
These two Trading Setups with the Sentiment Index work on any chart!
In fact, all our popular Trading Indicators for TradingView where developed to work on any asset and on any timeframe.
So, let’s get to the setups!
Setup #1 – Divergence
The first setup is highlighted in red in the chart above.
This setup is very intuitive and always straightforward to identify.
The price is initially in a quite significant downtrend, from around $71 to about $64.