Edo Sentiment Map

Edo Sentiment Map is a contextual analysis indicator designed to evaluate the internal state of the market based on price behavior, movement intensity and degree of extension.

This indicator does NOT:
• Generate buy or sell signals
• Provide entries or exits
• Predict future price direction
• Automate trading decisions

Its purpose is to describe the current market state, not to indicate what action to take.

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CORE IDEA
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Market movements do not evolve uniformly. There are phases in which price advances in an efficient and balanced manner, and others in which the movement becomes excessive, fragile or vulnerable to behavioral shifts.

Edo Sentiment Map is designed to identify and classify these movement states using a discrete, easy-to-interpret scale.

The terms used in the indicator (such as fear, greed or euphoria) should be understood as descriptive labels commonly used in financial analysis to describe market states, not as literal measurements of human emotions.

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CALCULATION BASIS (CONCEPTUAL EXPLANATION)
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The indicator is built around an internal continuous score that evaluates how price is moving relative to its recent environment.

At a conceptual level, this score combines:

• Net price displacement relative to a prior reference point
• Movement efficiency by comparing effective progress versus volatility
• Intensity and persistence of recent behavior
• Extension filters that penalize movements excessively far from recent highs or lows
• Contextual adjustments that smooth isolated readings and reduce unsustainable spikes

The objective of this process is not to forecast future price, but to describe the quality, pressure and stability of the current movement.

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STATE SCALE (-5 TO +5)
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The continuous score is classified into eleven discrete states ranging from -5 to +5.

Each level represents a market condition:

(+5) Extreme positive extension
(+4) High bullish extension
(+3) Dominant buying pressure
(+2) Stable positive movement
(+1) Weak positive pressure
(0) Neutral or balanced state
(-1) Weak negative pressure
(-2) Increasing downside risk
(-3) Dominant selling pressure
(-4) High bearish extension
(-5) Extreme negative extension

The descriptions associated with certain levels (such as “Take profits” or “Potential entry”) are contextual warnings about areas of possible excess or vulnerability in the movement, not operational instructions or trading recommendations.

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VISUAL REPRESENTATION
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The states are applied directly to price candles through a color map.

• Warm colors indicate positive pressure and bullish extension
• Cool colors indicate negative pressure and bearish extension
• Neutral colors indicate balance or indecision

Optionally, numeric labels and explanatory tooltips can be displayed to support interpretation and historical study of the indicator.

The tooltips expand upon the brief descriptions shown in the legend, providing additional contextual explanations of each numeric level and the market conditions it represents.

All visual elements should be interpreted as contextual information, not as trading signals.

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CONFIGURATION PHILOSOPHY
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The core logic of the indicator is intentionally protected.

Users can only:
• Enable or disable candle coloring
• Show or hide labels and tooltips
• Show or hide the explanatory legend

This approach ensures consistent readings and prevents configurations that could distort market state interpretation.

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FINAL NOTE
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Edo Sentiment Map is designed to describe the state of the market at any given moment, not to automate decisions or replace trader judgment.

Its function is to provide visual and structural context regarding movement pressure and extension.