BAYESIAN SENTIMENT Trading Guide

The Bayesian Sentiment Score is a quantitative technical analysis tool. bayesian_sentiment.js Bayesian Sentiment Score. Uses recursive Bayesian Inference to calculate the probability of the current trend.

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Lookback Window (lookback): Controls the calculation period and sensitivity for market detection.
• Update Sensitivity (sensitivity): Controls the calculation period and sensitivity for market detection.
• Sentiment Line (sentimentLine): Controls the calculation period and sensitivity for market detection.
• Bull Area Fill (bullArea): Controls the calculation period and sensitivity for market detection.
• Bear Area Fill (bearArea): Controls the calculation period and sensitivity for market detection.
• Neutral Line (50% Base) (neutralLine): Controls the calculation period and sensitivity for market detection.
• Sentiment % (sentiment): Controls the calculation period and sensitivity for market detection.
• Confidence Score (confidence): Controls the calculation period and sensitivity for market detection.
• Is Bullish Probability (isBullish): Controls the calculation period and sensitivity for market detection.
• Sentiment Probability (sentiment): Controls the calculation period and sensitivity for market detection.
• Confidence Score (confidence): Controls the calculation period and sensitivity for market detection.
• Is Bullish Probability (isBullish): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• isBullish - Is Bullish Probability event signal.

2. Filters and Trade Levels

• lookback - Lookback Window value used for structural qualification or thresholds.
• sensitivity - Update Sensitivity value used for structural qualification or thresholds.
• sentiment - Sentiment % value used for structural qualification or thresholds.
• confidence - Confidence Score value used for structural qualification or thresholds.
• isBullish - Is Bullish Probability value used for structural qualification or thresholds.
• sentiment - Sentiment Probability value used for structural qualification or thresholds.
• confidence - Confidence Score value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.