The indicator calculates the number of bullish and bearish trend bars within a certain amount of time and then determines proportional relation of bears, bulls and the total one for the current bar (the total relation is calculated as the difference between bulls and bears).
Therefore, we get continous lines of the relative average bullish and bearish power for a certain time period without the major drawback of the original indicators - the absence of long-term perspective. MetaTrader 4 version of Total Power Indicator was created by Daniel Fernandez (Asirikuy.com).
The indicator is presented in two versions.
There are several different ways to use this indicator:
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/528
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.