Looking for client sentiment indicator

Hi I'm looking for sentiment indicator, I searched the forum and cant find anything. I might have to pay to get it made but though Ill ask here is someone knows one for free. Something like the pic. Any help would be greatly appreciated.

cheers

ok the indicator you show is from forex21 but i think there are also some other variants of it. You sign up to them and you download it for free http://www.forex21.com/forex-insider...a_bid=34402bb8

Now there are one site that aggregates that kind of data from multiple brokers https://fxssi.com/tools/current-ratio (it has a lot of tools about sentiments)
And also there is this site https://www.investing.com/traders/sentiment-outlook

Hope i helped

Sentiment indicators are widely available from brokers and educational sites without opening an account. But their use is tantalising. On the one hand, you can see where most people (included in the sample for the indicator) think price is going to go: but remember that most forex traders lose money. Is anyone actually trading contrary to sentiment indicators?

Yes, I use sentiment as a component for determining directional bias. Many brokers have released retail client statistics showing that the vast majority of retail lose money trading fx.

SentiFX,

Would you care to share what sentiment indicator/s you use and your approach/decision making process to determining directional bias?

many thanks,

Trab

sentiment indicator is hokum. unless you are trading futures or have access to a level 2 dom or a bookmaker. if a broker is feeding you sentiments. its either a marketing gimmick base on purely calculations of support/resistance for area of confluence base off market trend., not actual trader's positions or they are a b-book thus able to show it. why? because of last look policy. if u know your terminology. No Last Look, ECN, DMA, STP. words that get thrown around these days. and then they give u a sentiment? it is contradictory. that is why usually sentiments are shown in client portals. not on broker's public landing pages. because they have already hooked you with the big ECN,STP words.

This kind of indicator has littel value. A more valuable approach is to plot the number of positions as a line graph, then you can see the anti-correlation of positions and price. Like this (graph): https://www.dailyfx.com/sentiment?ref=SentimentWidget
Or possibly even better if you can plot the change (delta) in position size over time; this way one can establish that as long as traders are 'getting in' in a direction, the price goes the other way.

You also need to consider change over time and how fast retail is piling in, not just current positioning. In Futures for instance you can trade the ladders and see buying and selling pressure. In FX we do not have that luxury, but tracking retail positioning changes over time gives us added edge. I don't trade with just sentiment alone, it is a tool to understand retail positioning and I use market structure to enter and exit trades.

The more confluence you can have in a give trade, the higher probability of success.

Currently retail is longing EURUSD. The higher probability trade is shorting (at key zones) and targeting stops.