Bulls and Bears Power
The indicator uses the same logics as standard built-in indicators Bulls Power and Bears Power. However, this indicator features extended functionality. The combination of two indicators in one window provides easier interpretation possibilities.
Values of up to three timeframes can be displayed in one indicator window. Thus you can easily distinguish between a new trend and a correction (see the screenshot).
The indicator is recommended for use as a filter.
The indicator has been originally created for trading in tandem with Cups & Caps following the "powerful tool" strategy.
The indication for the lowest selected timeframe is a histogram, for the next one - large points, for the largest timeframe - small points. A wider histogram bar means that the force of the opposite action is zero. The same is true for the points of higher timeframes.