■Overview This indicator enables to select an upper timeframe’s Bull Power Bear Power(aka Elder Ray Indicator) (MTF) and the one of chart’s timeframe simultaneously by which users can always analyze looking at upper timeframe situation. Also, it displays signals when bull power bear power cross zero line with an ability to set alerts. ■Formula The indicator...
Simplified Bull/Bear Strengths Indicator uses price action, volume flow, and candlesticks to calculate bull and bear strengths, also known as buying and selling pressures. Green/Red Volume Bars can be misleading at times This indicator shows the net bull/bear power Recommended to be used in combination with indicators to find reversal signals. For...
TradeChartist PowerTracer Pro is an exceptionally well designed and a functional indicator, requiring minimal user input to trace the asset's Bull and Bear Power. The indicator makes it visually engaging with its intelligent positioning of the PowerTracer Bar, tracking not just the current trend, but also the developing trend using visually easy to understand...
Bull power vs Bear power Buy=Bull power >0 Sell=Bear power<0