Indicators: Total Power Indicator
Sir,
m using this indicator, glad to see the indicator in shades, its a request can u make the same in MQL4 / give me the idea to add the shading line in the script itself.
Regards,
hphp69
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Total Power Indicator:
Total Power Indicator is based on two standard indicators: Bears Power and Bulls Power.
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).
Author: Nikolay Kositsin