Sentimentum combines the principles of momentum and on-balance volume to provide an advance indication of trend reversals and a measure of overbought / oversold conditions. It basically measures volume-weighted price movement accumulated over time. High volume moves cause a corresponding change in sentimentum while low volume moves produce a reverse effect.

Study Type: Stand-alone


Sentimentum doesn't change when price moves occur at average volume or when there is no price change. The absolute scale for sentimentum is irrelevant, but the range of the scale should be at least half the price range over the same time period for the signals to be reliable.


Period: (20)