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Market Emotion Cycle Detector
This indicator estimates emotional phases in price behavior by measuring how far price deviates from its dynamic mean.
It uses an adaptive Z-Score normalization with volatility-aware scaling and optional higher-timeframe blending.
Each candle is color-coded according to its deviation level, creating a clear visual map of market sentiment, from extreme panic (MAX FEAR) to euphoric exhaustion (MAX EUPHORIA).
The tool helps identify accumulation and distribution phases inside cyclical or mean-reverting markets.
🧩 Core Logic
Z-Score of EMA-smoothed price: measures standardized distance from the mean.
ATR regime scaling: adjusts sensitivity across volatility environments.
Optional higher-TF fusion: smooths sentiment transitions without lookahead.
Phase classification: seven discrete emotion zones (MAX FEAR → MAX EUPHORIA).
Non-repainting signals: phase changes confirmed on bar close only.
⚙️ Setup Instructions
To allow full color rendering by the Emotion Candles:
Open Chart Settings → Symbol → Candles
• Uncheck “Color bars based on previous close”
• Clear all Body, Wick, and Border colors
On the chart, right-click any overlay element (coin label, MTX, indicator tag …)
• Choose Hide from the ⋮ menu to keep the view clean
Ensure background contrast makes emotion colors visible.
🎯 Usage Notes
Designed for contextual sentiment analysis, not automated entries.
Works best when combined with independent trend or structure confirmation.
Webhook-ready alerts are available for LONG / SHORT / FLAT transitions.
Default parameters are calibrated for daily and 4-hour charts; shorter TFs may require reduced lookback.
📘 Classification Reference
MAX FEAR:
Capitulation & panic; potential deep-value accumulation zones
FEAR:
Negative bias but stabilizing volatility
CONCERN:
Early recovery interest; risk-reward starts improving
NEUTRAL:
Balanced sentiment, transition zone
MILD GREED:
Optimism emerges, trend continuation possible
GREED:
Late-stage rally; profit-taking often begins
MAX EUPHORIA:
Emotional climax, exhaustion and distribution signals
This publication is an original implementation of an adaptive sentiment model - not a mash-up or derivative of existing indicators.
Created by geokat
It uses an adaptive Z-Score normalization with volatility-aware scaling and optional higher-timeframe blending.
Each candle is color-coded according to its deviation level, creating a clear visual map of market sentiment, from extreme panic (MAX FEAR) to euphoric exhaustion (MAX EUPHORIA).
The tool helps identify accumulation and distribution phases inside cyclical or mean-reverting markets.
🧩 Core Logic
Z-Score of EMA-smoothed price: measures standardized distance from the mean.
ATR regime scaling: adjusts sensitivity across volatility environments.
Optional higher-TF fusion: smooths sentiment transitions without lookahead.
Phase classification: seven discrete emotion zones (MAX FEAR → MAX EUPHORIA).
Non-repainting signals: phase changes confirmed on bar close only.
⚙️ Setup Instructions
To allow full color rendering by the Emotion Candles:
Open Chart Settings → Symbol → Candles
• Uncheck “Color bars based on previous close”
• Clear all Body, Wick, and Border colors
On the chart, right-click any overlay element (coin label, MTX, indicator tag …)
• Choose Hide from the ⋮ menu to keep the view clean
Ensure background contrast makes emotion colors visible.
🎯 Usage Notes
Designed for contextual sentiment analysis, not automated entries.
Works best when combined with independent trend or structure confirmation.
Webhook-ready alerts are available for LONG / SHORT / FLAT transitions.
Default parameters are calibrated for daily and 4-hour charts; shorter TFs may require reduced lookback.
📘 Classification Reference
MAX FEAR:
Capitulation & panic; potential deep-value accumulation zones
FEAR:
Negative bias but stabilizing volatility
CONCERN:
Early recovery interest; risk-reward starts improving
NEUTRAL:
Balanced sentiment, transition zone
MILD GREED:
Optimism emerges, trend continuation possible
GREED:
Late-stage rally; profit-taking often begins
MAX EUPHORIA:
Emotional climax, exhaustion and distribution signals
This publication is an original implementation of an adaptive sentiment model - not a mash-up or derivative of existing indicators.
Created by geokat
受保护脚本
此脚本以闭源形式发布。 However, you can use it freely and without any limitations – learn more here.
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
受保护脚本
此脚本以闭源形式发布。 However, you can use it freely and without any limitations – learn more here.
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.