Explanation: Daily MSO

The MSO (Market Sentiment Oscillator) Charts are constructed for SenseCents and not be able to find in any way else.
The Intra-Day Oscillator was constructed by composing the Numbers of Gainers and Losers weighted by Volume per minute of each market day. The Daily MSO Chart keeps track of Intra-Day MSO movement for the past 100 trading days.
As you can see, the Daily Oscillator (white) is too erratic to depict any meaningful indication of the market sentiment. The key Indicator of the Chart is the 5-Days Average (blue) which gives better picture of the market.
The 20-Days (yellow) and 50-Days Average (red) are Secondary Indicators which act like gauges. When the 5-Days Average cut any of these two lines it confirms its trend.