Sentiment Master Oscillator[BullByte]

The Sentiment Master Oscillator is a modern market sentiment indicator designed for traders seeking to identify early trend shifts and potential reversals with clarity. This oscillator combines multiple technical tools—RSI, MACD, EMAs, ADX, ATR, and volume filters—to deliver layered signals that help you assess market momentum in a clear and simplified manner.

Key Features:

-Multi-Indicator Approach:
Integrates RSI (with a smoothing function), MACD, and two EMAs to gauge momentum and trend direction. The oscillator also includes ADX and ATR filters to ensure that only markets with sufficient directional strength and volatility generate signals.

- Dynamic Signal Zones:
The oscillator produces a raw value ranging roughly from -3 to +3 (adjustable via a scaling factor). Positive readings suggest bullish conditions, while negative readings indicate bearish trends. Visual zones (Early, Confirmed, Strong) are clearly marked with color-coded horizontal lines to help you interpret the strength of the signal at a glance.

- Adaptive Smoothing:
For those who prefer quicker, more responsive signals (ideal for scalping), an adaptive smoothing option is available. When enabled, it applies a shorter smoothing period to the oscillator; otherwise, a more conservative base period is used.

- Reversal Alerts:
Yellow dots are plotted on the chart to highlight potential reversal points. These alerts are triggered when the oscillator crosses specific thresholds, coupled with volume and ATR conditions, signaling that a top or bottom may be forming.

- Customizable Filters:
- ATR Filter:Ensures that the market's volatility is above a set threshold before signaling.
- ADX Filter:Confirms sufficient trend strength.
- Volume Filter: Requires that trading volume surges above a multiple of its simple moving average, filtering out low-volume noise.

- Clear Signal Messaging:
Based on the combined signals from various indicators, the script categorizes market sentiment into actionable messages such as "Early Buy", "Confirmed Buy", "Strong Buy", "Early Sell", "Confirmed Sell", and "Strong Sell". A "Grey Zone" label is used when the oscillator is near neutral, indicating that no clear trend is present.

How to Use:
1. Entry and Exit Decisions: Use the different signal stages (Early, Confirmed, Strong) as guides for your entries and exits.
2. Trend Confirmation: Rely on the multi-indicator setup for added confirmation of prevailing market conditions before executing trades.
3. Reversal Cues: Pay attention to the reversal dots for potential turning points in the market, which can be used to adjust positions or initiate trades.

Disclaimer:
This indicator is intended for educational and informational purposes only. It should not be taken as financial advice. Always use appropriate risk management and combine it with your analysis before making any trading decisions. Past performance is not indicative of future results.

By adhering to TradingView's publishing guidelines, the BullByte Sentiment Master is designed to provide transparency, simplicity, and robust analysis tools to enhance your trading strategy. Enjoy a clearer view of market sentiment and make more informed trading decisions!