Author: Bruce Hellstrom (brucehvn)
The Psychological Indicator is a classic oscillator that traders can use to gauge market sentiment effectively. This powerful tool is imported from the FXAccuCharts platform and operates on the same proven algorithm as the original. By analyzing trader psychology, it helps you make more informed trading decisions.
Fig. 1. The Psychological Indicator
Using the Psychological Indicator can give you an edge in understanding the market dynamics. Whether you're a seasoned trader or just starting, this tool is a must-have in your trading arsenal. Keep an eye on the readings and let them guide your entry and exit points.