Bulls Power Bears Power and Accelerator - page 3
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Seen Some good charts on Bulls and Bears power together with the accelerator in one instead of three slots on a chart. The reason why bulls and bears power are on one slot chart is that you can compare the strength of the bulls power and bear powers visually. Can anyone help me on this how I could get this done? Thanks in advance.
Hi Kohhh2,
Made this version maybe it will be of some use, the accelerator is the histogram and the blue line is bull power and red line is bear power, added some t3 smoothing to the bulls and bears and made indicator multi timeframe.
updated version posted here: https://www.mql5.com/en/forum/173112
Bear bull balance
bearbullbalance.mq4
Market way indicator (a sort of bulls bears indicator)
_indicator_market_way.mq4
Bull And Bear Balance Indicator (by Alexander Gettinger)
Formula:
BBB = MA(MA_Bull-MA_Bear, Smooth_Method, Smooth_Length), where
MA_Bull = MA(Bull_Power, Method, Length),
MA_Bear = MA(Bear_Power, Method, Length),
MA(Source, Method, Length) - moving average with [Method] as Type and [Length] as number of periods.
bbb.mq4
Total power indicator total_power_indicator.mq4
balance of market power by Alexander Gettinger
bmp.mq4
Bears Bulls Impuls
bearsbullsimpuls-2b.mq4
Re: Bulls Power Bears Power and Accelerator BullBear AC_mtf from here: https://www.mql5.com/en/forum/173112 updated to be compatible with new mt4 builds.
Hi mrtools,
Nice indicator..
But can I use on Renko chart or it required some changes for offline charts?
Hi mrtools,
Nice indicator..
But can I use on Renko chart or it required some changes for offline charts?
Hi Ramdaskusurkar, this is using default settings on a median renko offline chart.
Re: Bulls Power Bears Power and Accelerator BullBear AC_mtf from here: https://www.mql5.com/en/forum/173112 updated to be compatible with new mt4 builds.
Upgraded it a bit to have new options : bullbear_ac_mtf_1_1.mq4