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Circular Barplot - Oscillators Sentiment

By LuxAlgoNov 8, 2021

Static chart image

Circular Barplot - Oscillators Sentiment condenses six classic oscillators (RSI, Stochastic %K, the Linear Correlation Oscillator, Williams Percent Range, Percent Rank, and the Money Flow Index) into a single composite oscillator view drawn as concentric circle arcs. Each component is normalized onto a shared scale, so arc length carries the meaning: the longer the arc, the closer that oscillator sits to its maximum. A central label averages everything into one sentiment number.

How to Trade the Circular Barplot - Oscillators Sentiment?

  • Long arcs across the plot: components pressing their maximums: stretched, one-sided conditions worth treating as extremes.
  • Short arcs clustering together: readings near their minimums, the mirror-image extreme.
  • Central label: the average of all included oscillators, the fastest single-number sentiment read on the ticker.
  • Dashboard: an upper-left table lists precise per-oscillator values when the arcs alone are not enough.

The circular format is deliberately compact: arcs conserve horizontal and vertical space, which suits normalized data and leaves the price pane uncluttered. A shared length period tunes how quickly all six components respond, so the widget stays coherent as you adjust it.

Circular Barplot - Oscillators Sentiment Settings

  • Width: width of each circle; setting it too low strains readability.
  • Spacing: distance between circles. Overly generous values spread the plot thin.
  • Thickness: weight of the colored arc lines.
  • Offset: distance of the plot from the most recent candles.
  • Src: input source feeding the component oscillators.

Frequently Asked Questions

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