The oscillator that displays forces of Buyers (Bulls) and Sellers (Bears) separately.
Author: Igor Durkin
Hot to use this indicator :
Gold is Reaching at 1270
newdigital, 2013.07.01 21:04
How can we know: correction, or bullish etc (in case of using indicator for example)?
well ... let's take AbsoluteStrength indicator from MT5 CodeBase.
bullish (Bull market) :
bearish (Bear market) :
ranging (choppy market - means: buy and sell on the same time) :
flat (sideways market - means: no buy and no sell) :
correction in a bear market (Bear Market Rally) :
Choosing [Refresh] menu item causes indicator to give strange results.
How to reproduce:
(1) This is the indicator added to a chart
(2) Now choose the [Refresh] menu item
(3) Note the strange appearance of the blue and red lines as compared to (1) above.