How to extract Market Mood Index from TicketTape using python | MMI Score

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if you randomly ask any Trader to list
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their top 10 favorite websites or
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resources that they used for trading uh
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ticket tape will definitely appear in
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the top 10 list ticket tape is is a good
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and an accurate resource for stock and
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Market related information especially I
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love the one feature that they provide
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which is the market mode index the MMI
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which is quite popular um this indicator
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gives an overall Poli of the Indian
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market and the way it simplifies just
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within four parameters which is Extreme
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greed uh greed fear and extreme fear U
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it's as simple as that in this video
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I'll cover two things one I will share
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with you a simple python utility that
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can extract the MMI score so that you
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can use it use it on your own dashboards
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or for your daily Market ins sight
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updates you know how you you want to use
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it and number two I would like to talk
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to you about a little pet project that
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I'm currently working on and I would
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like to get our entire Community
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involved in it uh so I really look
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forward for your ideas and help with
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that one so let's get
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started if this is your first time here
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welcome my name is VI and I'm a
0:54
financially independent Al Trader this
0:55
channel is all about building a
0:56
community of Alo Traders we discuss
0:58
everything about Al trading using python
0:59
building pisting trading strategies
1:01
Market updates much more please do visit
1:03
our community website Fab
1:05
trader.net Channel Fab weth where I talk
1:07
about my own Financial Independence
1:08
journey and Shar tools methods and
1:10
strategies that help me achieve my
1:11
Financial Freedom thank
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you as usual everything that I'm
1:15
covering today in this this video is
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already available as part of the blog
1:18
article here I'll provide the link to
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this in the description and I'll also
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pin this in the comment section so you
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can go through it so this has a detailed
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account of what I'm currently talking
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about and it also has the python utility
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and then the entire code that you can
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actually download copy it and use it on
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your
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own now let's talk about the market mode
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index uh for people who are not aware of
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this uh this is a very simple index that
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TI puts out they haven't really uh given
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us a detailed account on how they are
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arriving at this number I think probably
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the the logic is very proprietary they
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don't they've not revealed it but all
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that we know is that they have they give
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a score from 0 to 100 uh and then
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depending upon the score they basically
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classify the market in these four
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categories either extreme fear fear
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greed or extreme greed I believe it's
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very simple and very effective I
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currently I love it I I currently look
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at it uh from time to time and then I
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was thinking that you know I'll probably
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include this in one of the dashboards uh
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that I refer to every day and that's
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when I wanted to scrape this information
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and uh you know that's where this
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utility was born uh in terms of you know
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what the score means and how to derive
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and how to make sense of it is all
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provided here you can please feel free
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to go through it whenever you find time
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um in terms of the uh the python script
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itself is very very straightforward all
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you need is just selenium and web driver
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so you just install these different
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pendencies and the script itself is very
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straightforward it just scrapes that
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particular web page and looks for this
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particular score and then based on the
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score when you run it uh you get both
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the score as well as the the market mode
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um and here's the code in action um when
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you run this code it gives you these two
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which is the the score as well as the
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market mode as seen in the the ticker
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tape
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website if you haven't joined our
2:52
telegram group please do so I share
2:54
market insights I'll go trading tips and
2:56
new video notifications and this week we
2:57
stay up to date with our community news
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and events
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I hope you like this little utility and
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make full use of it and maybe use it
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within your dashboards um the second
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aspect that I wanted to talk to you
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about um is one of the pet projects that
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I am currently working on um I'm sure
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you're aware of our community website
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fat.in if you go into the tools the
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access tools uh you you find this tools
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page right where you have a number of
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useful tools uh that that people can be
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using for free typically some of these
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tools are paid versions outside but here
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it's completely open source and uh
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you're free to use it U but right most
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of these tools are in the person Finance
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category not not uh much on the tra
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trading side uh for example the
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retirement planner here right uh so so
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I'm looking to actually build a similar
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set of Tool Set uh for the trading
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Community as well um the typical uh
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tools that you find uh you know in paid
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versions like uh defin AG or stockage um
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I'm thinking that we can actually build
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all of those tools and open it up for
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free uh for all our community members so
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that lifetime you can keep using those
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uh you know uh those tools uh for your
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Trading decision
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making I hope this idea excites you um
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and what I need from from our community
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from you especially is some ideas as to
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what you would like to see in those
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tools um if you could just send me some
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some ideas on fat Trader in gmail.com I
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would uh soon start working on those
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ones uh as early as probably in a week
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or 10 days we can start launching that
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tool one by one um and then we can
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slowly build on it and then get better
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at it hope you like that idea if you
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like that idea please do suggest some
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ideas and uh you know we will take it
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from there thank you if you genuinely
4:32
found this video useful please consider
4:33
subscribing and liking the video and I
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will see you soon in another video and
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until then take care and happy Trading

How to extract Market Mood Index from TicketTape using python | MMI Score

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How to extract Market Mood Index from TicketTape using python | MMI Score

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