Live example
Settings and defaults
| Setting | Default | Allowed range |
|---|---|---|
| Length | 12 | 1 to 500 |
What it plots
Drawn in its own pane below the price chart, with its own scale.
| Line | Unit | Drawn as | First value |
|---|---|---|---|
| Value | Percent | Line | after 13 candles |
Calculation notes
- TraderAI default: 12 close-to-close transitions, requiring 13 closes. PSY=100 x rising transitions / N; ties count in N and a flat series gives 0. This describes prices, not observed sentiment or money flow. Missing data restarts preparation.
Questions
What are the default settings of Psychological Line?
The defaults are Length: 12. You can change every setting on the live chart.
Can I use Psychological Line for free on TraderAI?
Yes. Every indicator in the library can be added to the free live chart. The free plan keeps up to 2 indicators active at the same time; Pro lets you combine more on one chart.
Educational content. Indicators describe past prices; they do not predict future prices and are not investment advice.