Psychological Line (PSL)

Measures crowd sentiment as the percentage of the last 12 bars that closed above their previous close. Readings of 75 or above indicate overbought, 25 or below indicate oversold — the conventional bands on the Asian trading platforms where the indicator (also known as PSY) is a standard.

Live Demo

Pick a market regime to see how PSL(12) reacts:

Usage

import {PSL} from 'trading-signals';
 
// PSL yields results once 13 inputs have been added
const psl = new PSL();