Fundur - Market Sentiment B

Indicator Overview

The Market Sentiment B indicator is a sophisticated multi-timeframe momentum oscillator that provides comprehensive market analysis through advanced wave theory and sentiment measurement. Unlike traditional single-timeframe indicators, Market Sentiment B analyzes 11 different timeframes simultaneously to create a unified view of market momentum and sentiment.

What Makes Market Sentiment B Unique

Multi-Timeframe Convergence: The indicator combines data from 11 different periods (8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987) based on mathematical sequences that naturally occur in market cycles.

Advanced Wave Analysis: The histogram component tracks momentum waves with precise peak and trough identification, allowing traders to spot both major moves and smaller precursor waves.

Sentiment Extremes Detection: When all 11 timeframes reach extreme levels simultaneously, the indicator highlights these rare conditions with background coloring, signaling potential major reversals.

Dynamic Zone Analysis: The indicator divides market conditions into Premium (80+), Discount (20-), and Liquidity zones (40-60), providing clear context for trade entries and exits.

Core Components

1. Market Sentiment B Line (Main Signal)
The primary oscillator line that represents the averaged sentiment across all timeframes. This line uses advanced mathematical filtering to smooth out noise while preserving important trend changes.

Key Features:

• Oscillates between 0-100
  
• Color-coded: Green when rising, Red when falling
  
• Shows divergences with colored dots
  
• Premium zone: 80+, Discount zone: 20-
  

2. Momentum Waves (Secondary Signal)
A smoothed version of the Market Sentiment B line that acts as a trend-following component. This line helps identify the underlying momentum direction.

Key Features:

• Blue coloring during bullish expansion (above 50 and rising)
  
• Orange coloring during bearish expansion (below 50 and falling)
  
• Filled areas show expansion and contraction phases
  
• Critical 50-line crossovers signal momentum shifts
  

3. Histogram (Wave Analysis)
The difference between Market Sentiment B and Momentum Waves, displayed as a histogram that reveals the relationship between current sentiment and underlying momentum.

Key Features:

• Green bars: Positive momentum (Market Sentiment above Momentum Waves)
  
• Red bars: Negative momentum (Market Sentiment below Momentum Waves)
  
• Wave height labels show the strength of each wave
  
• Divergence patterns identify potential reversals
  

4. Divergence System
Advanced divergence detection that identifies both regular and hidden divergences, with special "Golden Divergences" for the strongest signals.

Types:

• Regular Divergences: Price makes new highs/lows while indicator doesn't
  
• Hidden Divergences: Continuation patterns in trending markets
  
• Golden Divergences: High-probability reversal signals (orange dots)
  

5. Zone Analysis
The indicator divides market conditions into distinct zones:

• Premium Zone (80-100): Potential selling area
  
• Liquidity Zone (40-60): Neutral/consolidation area (highlighted in orange)
  
• Discount Zone (0-20): Potential buying area
  
• Extreme Conditions: Background coloring when all timeframes align
  

Setup Guide

Initial Installation

1. Open TradingView and navigate to your desired chart
   
2. Click the "Indicators" button or press "/" key
   
3. Search for "Fundur - Market Sentiment B"
   
4. Click on the indicator to add it to your chart
   
5. The indicator will appear in a separate pane below your chart
   

Essential Settings Configuration

Main Settings

• Show Histogram Wave Values: Enable to see wave strength numbers
  
• Wave Value Text Size: Choose from tiny, small, normal, or large
  
• Wave Label Offset: Adjust label positioning (default: 2)
  

Market Sentiment Thresholds

• Only Show Indicators at Market Sentiment Extremes: Filter signals to extreme zones only
  
• Extreme levels are automatically set at 80 (high) and 20 (low)
  

Small Wave Strategy

• Enable Small Wave Swing Strategy: Focus on smaller, early-warning waves
  
• Small Wave Label Color: Customize the color for small wave labels
  

Divergence Analysis

• Show Regular Divergences: Enable standard divergence detection
  
• Show Gold Divergence Dots: Enable high-probability golden signals
  
• Show Divergence Dots: Show all divergence markers
  

Histogram Settings

• Enable Histogram: Toggle the histogram display
  
• Divergence Types: Choose which types to display (Bullish/Bearish Reversals and Continuations)
  

Recommended Initial Setup

1. Enable all main components (Histogram, Divergences, Momentum Waves)
   
2. Set wave value text size to "small" for clarity
   
3. Enable golden divergence dots for premium signals
   
4. Start with all alert categories enabled, then customize based on your trading style
   

Basic Trading Guide

Understanding the Zones

Premium Zone Trading (80-100)
When to Consider Selling:

• Market Sentiment B enters 80+ zone
  
• Bearish divergences appear
  
• Histogram shows weakening momentum (smaller green waves)
  
• Background turns red (extreme conditions)
  

What to Look For:

• Bearish pivot signals (orange triangles pointing down)
  
• Golden divergence dots at tops
  
• Momentum Waves turning bearish
  

Discount Zone Trading (0-20)
When to Consider Buying:

• Market Sentiment B enters 0-20 zone
  
• Bullish divergences appear
  
• Histogram shows strengthening momentum (smaller red waves)
  
• Background turns green (extreme conditions)
  

What to Look For:

• Bullish pivot signals (blue triangles pointing up)
  
• Golden divergence dots at bottoms
  
• Momentum Waves turning bullish
  

Liquidity Zone Trading (40-60)
Consolidation and Breakout Zone:

• Orange-filled area indicates neutral sentiment
  
• Wait for clear breaks above 60 or below 40
  
• Use for range-bound trading strategies
  
• Look for momentum wave direction changes
  

Key Signal Types

1. Zone Crossovers

• Above 60: Bullish momentum building
  
• Below 40: Bearish momentum building
  
• 50-line crosses: Primary trend changes
  

2. Divergence Signals

• Golden dots: Strongest reversal signals that align accross different timeframes
  
• Colored dots: Standard divergence warnings
  
• Hidden divergences: Trend continuation signals
  

3. Histogram Patterns

• Increasing green bars: Building bullish momentum
  
• Increasing red bars: Building bearish momentum
  
• Smaller waves: Early warning signals of deteriorating interest
  

Basic Entry Rules

Long Entries

1. Market Sentiment B in discount zone (0-20) OR
   
2. Bullish divergence confirmed OR
   
3. Break above 40 from oversold conditions OR
   
4. Golden divergence dot at bottom
   

Short Entries

1. Market Sentiment B in premium zone (80-100) OR
   
2. Bearish divergence confirmed OR
   
3. Break below 60 from overbought conditions OR
   
4. Golden divergence dot at top
   

Exit Rules

• Exit longs when entering premium zone
  
• Exit shorts when entering discount zone
  
• Close positions on opposite divergence signals
  
• Use histogram wave tops/bottoms for fine-tuning exits
  

Advanced Analysis Setups

Setup 1: Scalping Configuration
Purpose: Quick intraday trades focusing on small moves
Settings:

• Enable Small Wave Strategy
  
• Show indicators only at extremes: OFF
  
• Combine multiple alerts: ON
  
• Focus on 1-5 minute timeframes
  

Signals to Watch:

• Small wave histogram peaks/troughs
  
• Quick zone crossovers (40/60 line breaks)
  
• Momentum wave direction changes
  
• Short-term divergences
  

Setup 2: Swing Trading Configuration
Purpose: Medium-term trend following and reversal trading
Settings:

• Show indicators only at extremes: ON
  
• Enable all divergence types
  
• Focus on 15-minute to 4-hour timeframes
  
• Golden divergence alerts: HIGH priority
  

Signals to Watch:

• Premium/discount zone entries
  
• Golden divergence signals
  
• Extreme condition backgrounds
  
• Major histogram wave formations
  

Setup 3: Position Trading Configuration
Purpose: Long-term trend identification and major reversal spots
Settings:

• Only alert in extremes: ON
  
• Focus on golden divergences only
  
• Use daily and weekly timeframes
  
• Minimize noise with extreme filtering
  

Signals to Watch:

• Extreme condition backgrounds (red/green)
  
• Major golden divergence signals
  
• Long-term momentum wave trends
  
• Weekly/monthly zone transitions
  

Setup 4: Reversal Hunting Configuration
Purpose: Catching major market turns at key levels
Settings:

• Enable all divergence types
  
• Show golden divergence dots: ON
  
• Extreme filtering: ON
  
• Small wave strategy: OFF
  

Signals to Watch:

• Multiple divergence confirmations
  
• Golden divergence + extreme zones
  
• All-timeframe extreme conditions
  
• Major histogram wave exhaustion
  

Setup 5: Trend Following Configuration
Purpose: Riding momentum in established trends
Settings:

• Momentum waves: HIGH priority
  
• Hidden divergences: ON
  
• Continuation patterns focus
  
• Zone crossover alerts
  

Signals to Watch:

• Momentum wave expansion phases
  
• Hidden divergence continuations
  
• Liquidity zone breakouts
  
• Sustained momentum patterns
  

Alert System

The Market Sentiment B indicator features a comprehensive alert system with over 30 different alert types organized into logical categories.

Alert Categories

Market Sentiment B Line Alerts

• Golden Divergences: Highest priority reversal signals
  
• Standard Divergences: Regular divergence patterns
  
• Bearish/Bullish Pivots: Momentum pivot points
  
• Premium/Discount Zone: Zone entry/exit alerts
  
• Extreme Conditions: Rare all-timeframe extremes
  
• Liquidity Zone: 40-60 zone movement alerts
  

Momentum Waves Alerts

• Premium/Discount Zones: 80+/20- level alerts
  
• Liquidity Zone Movement: 40-60 zone alerts
  
• Expansion Phases: Bullish/bearish expansion alerts
  
• Direction Changes: 50-line crossover alerts
  
• Cross Alerts: MSB vs Momentum crossovers
  

Histogram Alerts

• State Changes: Bullish/bearish turns
  
• Peak/Trough Detection: Wave top/bottom alerts
  
• Divergence Alerts: Histogram-specific divergences
  
• Hidden Divergences: Continuation pattern alerts
  
• Smaller Wave Alerts: Early warning signals
  

Alert Configuration Tips

For Day Trading

• Enable quick state change alerts
  
• Focus on histogram and small wave alerts
  
• Use combined alerts to reduce noise
  
• Disable extreme-only filtering
  

For Swing Trading

• Enable zone crossover alerts
  
• Focus on divergence and pivot alerts
  
• Use extreme-only filtering
  
• Prioritize golden divergence alerts
  

For Position Trading

• Enable only golden divergences and extreme conditions
  
• Use extreme-only filtering
  
• Focus on major zone transitions
  
• Disable minor wave alerts
  

Trading Strategies

Strategy 1: Premium/Discount Zone Reversal
Setup: Wait for Market Sentiment B to reach extreme zones
Entry:

• Long: Enter discount zone (0-20) with bullish divergence
  
• Short: Enter premium zone (80-100) with bearish divergence
  

Exit: Opposite zone reached or momentum wave reversal
Risk Management: Stop loss at recent swing high/low

Strategy 2: Golden Divergence Power Plays
Setup: Wait for golden divergence dots to appear
Entry: Enter in direction opposite to divergence (reversal play)
Confirmation: Wait for momentum wave to confirm direction
Exit: When sentiment reaches opposite zone
Risk Management: Tight stops below/above divergent pivot

Strategy 3: Momentum Wave Trend Following
Setup: Identify strong momentum wave expansion phases
Entry: Enter on pullbacks to 50-line during expansion
Continuation: Hold while expansion phase continues
Exit: When expansion phase ends or opposite expansion begins
Risk Management: Trail stops using wave peaks/troughs

Strategy 4: Small Wave Early Entry
Setup: Enable Small Wave Strategy for early signals
Entry: Enter on small wave formations before major moves
Confirmation: Wait for main sentiment line to follow
Exit: When major wave forms or opposite signal appears
Risk Management: Quick exits if main indicator doesn't confirm

Strategy 5: Extreme Condition Contrarian
Setup: Wait for background color changes (extreme conditions)
Entry: Counter-trend when ALL timeframes are extreme
Confirmation: Look for early divergence signs
Exit: When background color disappears
Risk Management: Position size smaller due to counter-trend nature

FAQ & Troubleshooting

Frequently Asked Questions

Q: Why don't I see any signals on my chart?
A: Check if "Only Show Indicators at Market Sentiment Extremes" is enabled. If so, signals only appear when the indicator is above 80 or below 20.

Q: What's the difference between golden and standard divergences?
A: Golden divergences (orange dots) are higher-probability signals that meet additional criteria for strength and momentum alignment. Standard divergences are regular price/indicator disagreements.

Q: How do I reduce alert noise?
A: Enable "Only Alert In Extremes" in the alert settings, or use "Combine Multiple Alerts" to consolidate multiple signals into single messages.

Q: What timeframe works best with this indicator?
A: The indicator works on all timeframes. For day trading, use 1-15 minutes. For swing trading, use 1-4 hours. For position trading, use daily or weekly.

Q: Why are the histogram wave values important?
A: Wave values show the strength of momentum. Declining wave values (smaller peaks) often precede trend changes, while increasing values confirm trend strength.

Troubleshooting Common Issues

Issue: Indicator not loading

• Solution: Ensure you're using TradingView Pro or higher
  
• Check that max_bars_back is set appropriately
  
• Refresh the chart and re-add the indicator
  

Issue: Too many alerts firing

• Solution: Enable extreme-only filtering
  
• Disable less important alert categories
  
• Use combined alerts feature
  

Issue: Missing divergence signals

• Solution: Check that divergence detection is enabled
  
• Ensure you're looking in the correct zones
  
• Verify that extreme filtering isn't hiding signals
  

Issue: Histogram not displaying

• Solution: Check that "Enable Histogram" is turned ON
  
• Verify histogram divergence types are enabled
  
• Ensure the chart has sufficient historical data
  

Best Practices

1. Start Simple: Begin with basic zone trading before using advanced features
   
2. Paper Trade First: Test strategies with paper trading before risking capital
   
3. Combine with Price Action: Use the indicator alongside support/resistance levels
   
4. Respect Risk Management: Never risk more than you can afford to lose
   
5. Keep Learning: Market conditions change; adapt your usage accordingly
   

Performance Optimization

• Use appropriate timeframes for your trading style
  
• Enable only necessary alert types
  
• Consider using extreme filtering during high-volatility periods
  
• Regularly review and adjust settings based on market conditions
  

Conclusion

The Market Sentiment B indicator represents a sophisticated approach to market analysis, combining multiple timeframes, advanced wave theory, and comprehensive divergence detection into a single powerful tool. Whether you're a scalper looking for quick opportunities or a position trader seeking major reversals, this indicator provides the insights needed to make informed trading decisions.

Remember that no indicator is perfect, and the Market Sentiment B should be used as part of a comprehensive trading plan that includes proper risk management, fundamental analysis awareness, and sound money management principles.

Happy Trading!

Disclaimer: Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Always practice proper risk management and never trade with money you cannot afford to lose.