A futures market sentiment indicator that normalizes price changes across multiple symbols, providing a comprehensive view of market participation and relative performance.
Explore complementary indicator rolesHow it works
The indicator calculates normalized price changes by comparing different futures symbols' performance relative to their daily price movements. It divides the current timeframe's data by 1-day data to create a standardized representation of price changes across multiple markets.
By plotting up to 20 symbols simultaneously, traders can visually compare the relative strength and momentum of different futures contracts. The normalization process ensures that each symbol's performance is displayed on a comparable scale, allowing for quick and intuitive market analysis.
Why it may be useful
This indicator provides traders with a holistic view of market sentiment by showing how different futures contracts are performing relative to each other. It helps identify broader market trends, sector correlations, and potential emerging market movements that might not be apparent when analyzing individual symbols.
By presenting normalized price changes, the indicator allows traders to quickly assess market dynamics, compare cross-asset performance, and gain insights into overall market participation and directional sentiment.
When to explore it
The futures sentiment indicator is most effective during periods of high market volatility or when traders want to understand broader market movements across multiple futures contracts. It is particularly useful for day traders seeking to understand inter-market relationships and overall market sentiment.
Traders should use this indicator when they want to compare performance across different futures markets, identify potential correlation or divergence between sectors, and get a quick snapshot of market-wide price momentum.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
