Compact mode
Psychological Line
Known for Extreme Sentiment Detection
Table of content
General Information
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.- SentimentPsychological Line is a Sentiment type indicator. Indicators that measure market sentiment and trader emotions
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly used- StocksThe asset classes Psychological Line is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- ForexThe asset classes Psychological Line is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CryptocurrenciesThe asset classes Psychological Line is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Made In 🌍
The country or origin of the trading indicator- JapanPsychological Line was developed in Japan. Trading indicators developed by Japanese market analysts
Characteristics
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading community- LowThe popularity of Psychological Line among traders is considered Low. Indicators with lower adoption but potential unique insights
Facts
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicator- Developed by Japanese analysts and less known in Western markets
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicator- Nicknamed the "mood ring" of the stock market
Application
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.- DailyPsychological Line is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyPsychological Line is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Technical Details
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Signal Generation 📊
Describes the methods by which the indicator produces trading signals- ThresholdsPsychological Line generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicator
Usage
For whom 👥
The target audience or user group for the trading indicatorPurpose 📈
The primary purpose or application of the trading indicator
Evaluation
Performance Metrics
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesCustomization Score 🔧
A score representing the degree of customization available for the trading indicator- 5.5The customization score for Psychological Line is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metrics
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Dynamic Momentum Index
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Choppiness Index
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Relative Vigor Index (RVI)
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Average Directional Index (ADX)
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