Forex Sentiment Indicator

The Forex Sentiment Indicator will show you the amount of traders who are long or short and the amount of trading volume in these positions.
To keep it as simple as possible, you can use the market sentiment data displayed by the forex sentiment indicator to find extremes in long or short positions and volume. When you see an extreme in either or both, you can trade against these extremes – this is known as contrarian trading. E.g. If 70% of traders and trading volume are long (buying), a contrarian trader would be looking to short (sell).