Bull Bear Power Indicator

Enhanced Bull-Bear Power Indicator

Description

The Enhanced Bull-Bear Power Indicator is a custom technical analysis tool designed for MetaTrader 5. It provides a visual representation of the relative strength between bullish and bearish market forces over a user-defined period. By calculating the average percentage change for bullish and bearish bars, the indicator computes a strength ratio that helps traders identify prevailing market sentiment.
Features

User-adjustable period for calculations (default: 14 bars).
Visual distinction between bullish and bearish dominance using color-coded lines.
Reference line at 50 to indicate neutral market conditions.


Usage

Period: Adjust the period to change the number of bars used in the calculation. A longer period may smooth out the indicator, while a shorter period may make it more responsive.
Interpretation:
Above 50 (Lime): Indicates stronger bullish momentum.
Below 50 (Red): Indicates stronger bearish momentum.
The dashed gray line at 50 serves as a neutral reference point.




Lime line when the ratio is above 50.
Red line when the ratio is below 50.


This indicator is for informational purposes only and should not be used as the sole basis for trading decisions.

Ensure that the code is compiled successfully before attempting to use the indicator.



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Advanced Supply Demand MT5
Bernhard Schweigert
4.53 (15)
La migliore soluzione per qualsiasi principiante o trader esperto! Questo indicatore è uno strumento di trading unico, di alta qualità e conveniente perché abbiamo incorporato una serie di funzionalità proprietarie e una nuova formula. Con questo aggiornamento, sarai in grado di mostrare fusi orari doppi. Non solo potrai mostrare una TF più alta, ma anche entrambe, la TF del grafico, PIÙ la TF più alta: SHOWING NESTED ZONES. Tutti i trader di domanda di offerta lo adoreranno. :) Informazioni imp
Altri dall’autore
Quad EMA Cross Indicator - Capture powerful trend changes with precision! - This indicator tracks four EMAs (20, 50, 100, 200) and signals strong LONG/SHORT entries when price crosses all four simultaneously. - Clear visual labels make spotting high-probability trades a breeze. - Perfect for any timeframe or market. - Boost your trading with reliable, filtered signals!
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