FOMO Bubbles Settings

The FOMO Bubbles component in the ILPAC indicator is designed to detect and highlight periods of intense buying or selling pressure, often driven by Fear of Missing Out (FOMO) sentiment. Here’s a breakdown of the customizable settings for FOMO Bubbles:

• FOMO Bubbles: Toggle this setting to enable or disable the FOMO Bubbles component on the chart. When enabled, bubbles representing high buying or selling pressure will appear, helping traders identify potential market exhaustion or sentiment-driven price moves.

• FOMO Look-Back: This setting defines the look-back period for FOMO detection. A higher look-back period will capture broader FOMO conditions, filtering out short-lived impulses, while a shorter period will display more frequent bubbles, highlighting recent buying or selling pressure.

• FOMO Bubble Version: Choose between FOMO V1 and FOMO V2. V1 detects FOMO events based on initial thresholds, making it more sensitive, while V2 applies a refined calculation that focuses on larger, more sustained volume spikes, better suited for spotting significant FOMO activity.

• Noise Filter Factor (for V1): Available when FOMO V1 is selected, this factor adjusts the sensitivity of the FOMO detection. Higher values filter out minor fluctuations, focusing only on strong FOMO signals, while lower values capture smaller, more frequent bubbles.

• FOMO Bubble Colors: Customize the colors of bullish and bearish FOMO bubbles. Typically, green bubbles represent bullish FOMO (buying pressure), while red bubbles indicate bearish FOMO (selling pressure), making it easy to identify FOMO-driven market moves.

These settings enable traders to tailor the FOMO Bubbles component to align with their preferred level of sensitivity and market analysis style. By adjusting the look-back, FOMO version, and noise filter, traders can capture valuable insights into intense market sentiment periods, often preceding potential reversals or corrections.