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!
Join the Olymp Trade Club Signal Group: https://t.me/olymptradeclub19
General Risk Notification: trading on the Olymp Trade platform involves high-risk investment. Do not invest funds that you are not prepared to lose. Before you start, we advise that you become familiar with the rules and conditions of trading outlined on our site. Any examples, tips, strategies and instructions on the site do not constitute trading recommendations and are not legally binding. Olymp Trade is a trading platform which operates online. Traders make their decisions independently and this company does not assume responsibility for them. The service contract is concluded in the territory of the sovereign state of Saint Vincent and the Grenadines. The services of the company are provided in the territory of the sovereign state of Saint Vincent and the Grenadines.
