Q. “I’ve found a useful tool, called the Trading Sentiment Indicator, which tells me which market is better to buy or sell. Can you give me more information what this indicator is and how it works?”
A. Ah yes, this is a tool or widget used on many trading market websites to tell you how many traders are currently buying (driving the price up) or selling (bringing down the price).
Basically, this is a gauge (or sliding scale), with normally two colours.
Green will tell you that people are feeling bullish (optimistic) with demand which has a higher chance of the price moving up.
Or Red will tell you that people are feeling bearish (pessimistic) with supply which may lead to a drop in the market’s price.
Take a look at the Trading Sentiment Indicator so you can see what I mean.