Bears Bulls Power Histograms
This indicator works on any financial instruments and time periods.
The indicator contains only one parameter: nBars - number of bars for histogram's value calculation.
If a Green pole rises from a Red pole above the zero line then a Long position may be opened.
If a Red pole rises from a Green pole under the zero line then a Short position may be opened.
The height of the each pole represents the Power of an Up/Down movement.
The transition from Red to Green (and vice versa) shows change of trend!
- nBars - number of bars for histogram's value calculation.