Members Guide

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Market Sentiment is the macro layer. It does not tell you where to enter. It tells you whether the broader environment is likely to support or fight your trade. Read this once and you will know how to use it from your first session.

Market Sentiment

Front-run the crowd's pivot. Read the macro before it shows on your chart.

1. Add Market Sentiment from your Invite-Only scripts. It appears as a panel below your main chart, not as an overlay on your candles.
2. Read the composite score. That is the main number. Above 70 is a strong risk-on environment. Below 30 is risk-off. Between 30 and 70 is the transition zone where conviction is mixed.
3. Check the direction of the score. Is it rising or falling? A score climbing from 40 toward 60 is telling you something different from a score sliding from 60 toward 40, even if the number looks similar today.
4. Use it as a filter, not a signal. Market Sentiment does not tell you when to enter. It tells you whether the macro is on your side when you do.

• Composite Score: The headline number, 0 to 100. A weighted blend across the major asset classes that drive global risk appetite, calibrated against historical regime data. This is your first read every session.
• Individual Market Readings: Each contributing asset class shown separately. Equities, volatility, currencies, bonds, commodities, and crypto. You can see which areas are driving the composite and which are pulling against it.
• Sentiment Tier: A colour-coded label telling you which regime the score sits in. Green for risk-on, yellow for neutral, red for risk-off.
• Sentiment Shift: The direction of change. Rising, falling, or flat. The shift is often more important than the absolute score.

Important: The composite score is a weighted blend, not a simple average. Not every asset class carries equal influence. This is intentional. The weighting is calibrated to reflect how each market historically drives risk appetite. Do not reverse-engineer the mix from the individual readings. Read the composite, then check the individuals to understand which areas are driving it.

April 13-14, 2026

Sunday night. NAS100 gapped down over 300 points on the re-open. Every chart looked bearish. Volume was heavy. The news flow was negative. Most traders were positioning short or standing aside entirely.

Market Sentiment told a different story. Despite the price gap down, the composite score improved. Multiple asset classes were shifting from risk-off to risk-neutral or better. The fear reading was declining rather than accelerating. The score was rising from a low base.

Reading: the sell-off was a repricing, not a panic. The macro was not confirming the fear the charts were showing. The correct positioning was long, not short.

By the time New York opened that Monday, NAS100 had recovered strongly. The macro told you to look for the long 12 hours before the chart made it obvious.

This is not about predicting the future. It is about not fighting the macro when the macro is already telling you which direction has the tailwind.

1. Macro Filter for Longs

Before any long position on a risk asset, check the score. Above 60 means the macro supports your trade. Below 35 means you are fighting the tide. Between those levels, reduce size and demand stronger chart evidence before entering.

2. Reading the Fear Gauge Component

When the volatility reading in the panel drops sharply, fear is subsiding. That often comes before rallies in equities and other risk assets. If the volatility component flips from red to green while the composite score is rising, that is a macro tailwind forming. Watch for it.

3. The Sweet Spot Combination

When the currency component shows dollar weakness and the volatility component shows fear subsiding simultaneously, risk assets tend to run the cleanest. Both headwinds are gone at the same time. This combination, when it appears with the composite above 60, is the best macro environment to be in risk-on trades with full size.

The score says risk-off but my chart is showing a strong bullish setup. What do I do?

Reduce your size significantly or skip the trade. The macro and the chart are disagreeing. Sometimes the chart wins and sometimes the macro wins, but the cost of being wrong when the macro is against you tends to be larger than the cost of missing the trade. When in doubt, trade smaller. When the macro and chart agree, that is when you size up.

How often should I check the score during a session?

Check it at the start of each session and then watch for significant shifts. A score that moves 15 or more points in under two hours is telling you something important has changed in the macro. That kind of shift warrants tightening stops and reassessing any open positions. Outside of significant moves, a quick glance every hour or so is enough for most traders.

Why does the score sometimes improve when markets are selling off?

Because the composite reads across all asset classes, not just equities. A sell-off driven by a single news event, without fear accelerating and without bond or currency markets confirming a broad risk-off move, can produce a rising composite. The score is telling you that the cross-asset picture does not match the single-instrument chart. That divergence is information. It tells you the sell-off may be shallow or temporary rather than the start of a sustained move lower.

Can I use Market Sentiment for short trades?

Yes. A score below 30 and falling is the macro environment that supports shorts on risk assets. Check the volatility reading specifically. When fear is rising and the composite is dropping, shorts on equities and high-beta assets have macro backing. Apply the same logic in reverse: score and chart pointing the same direction means you have confluence. They disagree, and you trade smaller or wait.

The individual readings look mixed but the composite is high. Should I trust the composite or look at the components?

Trust the composite as your primary read, then use the individual readings to understand what is driving it. A high composite with mixed components means the dominant contributors are clearly risk-on even if a couple of smaller inputs are neutral. What matters is whether the net picture supports the direction you want to trade. If the composite says risk-on and your chart confirms a strong setup, the few mixed components are not enough to override that.

Can I adjust the settings to personalise Market Sentiment?

Yes. The settings allow you to configure the breadth threshold for what counts as a bullish sector environment, and the fear level that triggers the volatility component. The defaults are calibrated for most market conditions and work well for most traders. Only adjust them if you have a specific instrument or market regime where the defaults feel consistently miscalibrated. If you do adjust, change one setting at a time and observe for at least a week before deciding whether it improved the read.

• Panel Position: Where the sentiment panel appears on your screen. Move it to a position where it is visible without obscuring your main chart.
• Theme: Auto matches your overall chart theme. Light and Dark allow manual override.
• Font Size: Adjust for your screen size and resolution.
• Fear Threshold: The level at which the volatility component registers as elevated fear. The default is calibrated for typical market conditions. Adjust only if you trade instruments where the typical volatility environment differs substantially from the baseline.
• Min Green Sectors for Bull Breadth: How many sectors need to be positive before breadth is treated as bullish. Higher settings demand broader participation before the equity component registers as supportive.
• Market Group Contributions: Each asset class group's influence on the composite is configurable for experienced users. The default calibration reflects historical regime behaviour and works for most traders. Adjust with caution and only one group at a time.

Historical regime comparison is being added, so you can see how the current score compares to the same period in prior years. Regime history gives you a richer baseline for whether a score of 65, for example, is high or low relative to where it has typically been.

Alerts for significant score changes are in development. A macro shift of meaningful size during a session will notify you so you can review open positions without having to watch the panel continuously.

If the panel is showing but the score is not updating, check that your chart is on an active session. Market Sentiment reads live market data and does not produce meaningful readings during extended hours or weekends when most component markets are closed.

If the individual component readings look unexpected, they are telling you something. Check the actual market that appears anomalous. The panel surfaces the read so you can investigate the cause. Post in the member community if something looks genuinely wrong.