com.dukascopy.api
Interface IFXSentimentIndex

All Superinterfaces:

IFXTimedSentimentIndex

public interface IFXSentimentIndex
extends IFXTimedSentimentIndex

Forex Sentiment Index.
Shows the percentage of longs in the overall amount of open trades in the most popular currencies and currency pairs consolidated by liquidity consumers.
The sentiment ratio of Liquidity providers is opposite to Liquidity consumers (opposite to getIndexValue().
The index reflects the distribution of the current market conditions and is updated every 30 minutes.

See Also:

SWFX Sentiment Index

getIndexTime

long getIndexTime()

Returns a settlement time of current index. Sentiment index is updated by server every 30 minutes.

Specified by:

getIndexTime in interface IFXTimedSentimentIndex

Returns:

Returns a settlement time of current index.

getIndexValue

double getIndexValue()

Index's value ranges from 0 to 100 percents.

• If the number of traders selling a currency increases compared to those buying the currency (or instrument), the index approaches 0.
• If there are more traders buying a currency than selling it, the index approaches 100.
• Overbought/oversold zones are defined at the 70/30 level.
• If the index reaches 30 or below, the currency (or instrument) has entered the oversold area and a reverse upward trend is very likely.
• Accordingly, the opposite response is likely if the index reaches 70 or above (the overbought zone).
• If the index is in the zone between 30 and 70, fluctuations are considered neutral.

In other words, the index value is percentage of LONG positions in the overall amount of open trades.
To calculate the percentage of SHORT positions in overall amount of trades use (100 - getIndexValue())

Returns:

the percentage of LONG positions in the overall amount of open trades.

getIndexTendency

double getIndexTendency()

Returns the current index trend (percentage of LONG positions minus percentage of SHORT positions in overall amount of trades)

Returns:

Returns the current index trend