IG launches poll about its Client Sentiment Indicator
The broker would like to know which tools traders think should be added for Market Details onto the Client Sentiment Indicator on the IG trading platform.
A sentiment indicator is designed to represent how a group feels about the market or economy. Sentiment indicators gauge market psychology in the form of investor or consumer behavior and beliefs that may influence the market.
When a sentiment indicator is moving in the same direction as what it is analyzing, that typically helps confirm that trend.
Extreme readings on a sentiment indicator may cause some traders to take a contrarian view; for example, “buy when there is fear, sell when there is greed”.
Sentiment indicators are used to analyze trends, assets, and the economy from the perspective of the participants involved, instead of just looking at an asset or data point isolation.