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Power.mq5 (11.78 KB) view

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Oscillator Power displays the power of bulls and bears, as well as their ratio.

It has two configurable parameters:

Calculations:

Power = 100 * (BullPower - BearPower)

where:

BullPower = SMA(Bulls, Range)
BearPower = SMA(Bears, Range)

EMA = EMA(Close, Period)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21324

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