Implement a % gauge on each stock of who is buying or selling that particular stock
This would give beginner traders another tool to use
Isn’t that what the market price is already? Sentiment towards the prospects of the company the stock is representing?
CNN Fear and Greed Index shows market sentiment. Basically be fearful when others are greedy, be greedy when others are fearful.
Nice, I’ve bookmarked that
I also use the CBOE VIX as a gauge of fear in the market, a VIX above 30 indicates extreme fear in the market and is a very good time to buy. A VIX below 15 shows that markets are calm and it would probably be wise to abstain from making significant buys.
CBOE VIX looks at the implied volatility of options contracts.