A sentiment indicator which delivers actionable price levels, not merely “mood” or “positioning” indications. When sentiment is not at extremes, traders get actionable price targets to trade upon. When there is deviation between actual market rate and value reflected in forecasted rate, there is usually an opportunity to enter the market.
A tool to build strategies upon prediction data: Find patterns data for instance if a trend is gaining or losing energy.
A tool for Contrarian thinking: People instinctively follow the impulses of the crowd. Sentiment indicators, in turn, lead to “contrarian” thinking. You can read sentiment extremes and avoid being one of the herd. Contrast own opinions and price outlook with a group of leading trading advisors and money managers
Disclaimer Forex can work for you or against you. Past results is not an indicative of future performance. Investing in securities products involves risk, including possible loss of principal.