Macro Sentiment Indicators can help to give a glimpse of the market direction, assisting traders when it comes to making decisions on what they may look to trade for the week ahead. I personally believe that the importance of sentiment analysis is often over looked by many traders. At the end of the day, it is the sentiment that is going to move the price. Therefore, whilst so many traders are busy conducting endless technical analysis with lagging indicators, they could be missing out on the possibilities presented through discovering the market sentiment. Here we will take a look at what the Cindicator Macro Sentiment Indicators are and how they can be used as part of a more complete trading strategy.
What are Cindicator’s Macro Sentiment Indicators?
Founded in 2015, Cindicator builds predictive analytics by merging collective intelligence and machine learning models. Cindicator offer Macro Sentiment Indicators for the S&P 500, options, stocks, Forex, and futures. They release Macro Sentiment indicators which can give a glimpse of the market direction, helping traders to make decisions for the week ahead.
Cindicator’s sentiment indicators are available as an app across 300,000 Bloomberg terminals that are used by institutional investors. These indicators measure popular sentiment and optimism around corporate earnings to provide a source of alpha.
Every Sunday, six questions are posted to analysts registered on Cindicator’s Collective Intelligence platform, asking about political, economic, employment, and business conditions.
50+ ML models assign weightings to each of the answers provided based on analysts’ past performances in forecasting particular assets. The resulting indicators are numbers between 0% (negative) and 100% (positive).
The Cindicator macro sentiment indicator sends one signal per week so doesn’t require day trading and sitting at the charts all day waiting for a setup. Just keep in mind, you do not have to take every signal and you should always do your own market analysis for confirmation when receiving any trading signals from any provider. Nothing is guaranteed in trading.
Sentiments indicators can help you to trade, but subscribers make their own choices at what price to enter and exit. The subscribers-only chat is a place where you can discuss and identify possible entry and exit points with other traders.
Why are Macro Sentiment Indicators useful?
There are many ways in which the Macro Sentiment Indicators can be used, primarily to help determine market trends and get a feel for what other traders and investors are doing. Of course, the sentiment can be open to interpretation, thus it is not a 100% trading signal solution.
Some traders may use it to trade in the direction of the sentiment, others may use it for a contrarian trading strategy where they go against the crowd. Regardless, however it is intended to be used, I believe that is an imperative part of conduction in-depth market analysis that also combines technical analysis, fundamental analysis and price action analysis.. The more confirmation we can get, surely the greater the possibilities may be.
Macro Sentiments can be deemed useful if you:
- Trade options
- Trade forex or futures contracts
- Have a stock portfolio
- Want to receive a weekly signal
How do the Macro Sentiment Indicators work?
Macro Sentiment indicators are sent every Sunday via a special subscribers-only Discord chat – you’ll get the invite in an email immediately after making your payment. The current indicators are presented in an easy-to-use PDF document and you can also download the full historical data as a CSV or Excel file. Sentiments indicators will help you to trade options, but subscribers make their own choices at what price to enter and exit. The subscribers-only chat is a great place to discuss and find entry and exit points.
Macro Sentiment Indicators Pricing
There are 2 Macro Sentiment Indicator packages that you can choose from. They are as follows:
Individual
- Six weekly indicators
- Full historical data for back testing
- Access to the community
- Sample trading strategies
- $299 per month or $2,999 per year
Enterprise
- Six weekly indicators
- Full historical data for back testing
- Access to the community
- Sample trading strategies
- API access
- Access to quant researchers
- 24/7 support
- $20,000 per month or $200,000 per year
Free Trial
You can cancel your subscription at any time with no questions asked but they do not offer any refunds. That being said, there is a 2-week free trial which can help you decide if the service is for you.
The free trial grants full access to the subscribers-only Discord and all sentiment indicators. You’ll be able to read all messages, posts, and trade ideas. And you’ll have a chance to ask any questions in the special ‘newcomers’ channel. At the end of the free trial, your card will be charged $299 if you do not cancel.
If you subscribe to your free trial, you’ll receive a link to past sentiment data which can be a useful way to get an idea of past performance. This is of course no guarantee of future performance but can help you to get your head around how the sentiment analysis works and identify ways in which you may consider implementing it within your own trading strategy.
Macro Sentiment Indicators Conclusion
To conclude, I think there is a significant benefit to knowing the market sentiment. It is something often overlooked, especially by new traders who are usually focused on technical analysis. The sentiment can be a powerful tool when used correctly.
The Cindicator Macro Sentiment Indicators combine and analyse a vast amount of data although they are limited in terms of signals at just 1 per week. They also require you to do your own additional market analysis and take your own decisions, this includes money management. Every trader is different, so it is important to use the signals in a way that suits your own needs.
I do think the price is quite steep, but the 2-week trial can help to give you an idea to see if the Macro Sentiment Indicators are worthwhile to you. If you want to find out more about this particular sentiment indicator or Cindicator’s other products such as Stoic, please feel free to visit their website using the link below.
Macro Sentiment Indicators
Free 2-week Trial
Pros
- Sentiment analysis
- 1 signal per week
- Weekly newsletter
- Full historical data for back testing
- Trading community
- API access
- Access to quant researchers
- Six weekly indicators
- 24/7 support
- Free trial
Cons
- Requires some user initiative
- Need to filter out information
- Ideas are open to interpretation
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
