Dreadblitz

Bull Bear Power Trend

Do you find it difficult to analyze trends?

This indicator will help you to have an objective analysis of the trend.

Let's start .....

In this indicator Bears and Bulls go their separate ways.

-The Bull line ( bullish green) always goes above zero.
-The Bear line ( bearish red) always goes below zero.

With a quick glance, you will know who is winning.


There are two zones of tendency force:

- Above 2 for bulls: when the Bull line crosses its + 2 level upwards, an uptrend begins to have strength.
- Below 2 for bears: when the Bear line crosses its -2 level down, a downward trend begins to gain strength.


Trend Confirmation:

- When a histrogram bar appears the trend is confirmed.

When a positive histogram appears, it indicates that the Bull line is above its + level and the Bear line is above its level -.
When it is a negative histogram that appears, it indicates that the Bear line is below its level - and the Bull line is below its + level.


The TREND line (in black) is the difference between the Bull line and the Bear line.
Its crosses above / below zero serve us to track the trend, as well as turning points where we could put a stop loss .


This indicator generates multiple signals as position management, I leave it to fall in love with it and find all that.

Thanks to Jose Callao for this great idea.

Thumbs up
Dec 20
Catatan Pelepasan: a user asked to smooth Trend Line add the option by applying a regression, you can activate it in the configuration and change the length at your discretion
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
I like the way it was coded and represented .
There is always a need for good supporting indicator for good trading .
I will check with my indicator as this as addon and let you know how this is helping to be more profitable.
Balas
@MarxBabu, thank you very much, synergy is the best to achieve a good result, regards
Balas
how can we add into indicator list...?
Balas
@irfan46, on the code press "add to favorite scripts"
Balas
Can i use it on my amibroker?
Balas
Dreadblitz vgvdautugiatri
@vgvdautugiatri, hi, it's not possible, regards
Balas
Also, it's repainting...
+1 Balas
@mariuspe, the indicator does not repaint, greetings
Balas
Good job! Which is the best timeframe to use it? For 1 day is ok?
Balas
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Rancangan Bagaimana ia berfungsi Ciri-ciri Carta Harga Rujuk rakan Peraturan Dalaman Pusat Bantuan Laman web dan Penyelesaian Broker Widget Penyelesaian Pencartaan Perpustakaan Pencartaan yang Ringan Blog & Berita Twitter
Profil Tetapan Profil Akaun dan Pengebilan Rujuk rakan Tiket Sokongan Saya Pusat Bantuan Idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar