Building A Custom Sentiment Indicator by Philipe Saroyan
Traders always welcome trading signals generated by their indicators. Often, these indicators are based on price and volume, but with the surge in social media, it may be worth your while to pay attention to what the general sentiment is to an equity, future, or option. Read on to find out why.
The goal of this article is to demonstrate how you can capture sizable returns from discounting sentiment on euro futures. I will present backtest results from the Ninja Trader 7 trading platform and also define some of the groundwork required to build the strategy. Think of it as a value-added article!