Nico.Muselle

[NM]Bull and Bear Power trade signal - thanks to [RS]

FX:EURUSD   Euro Fx/U.S. Dollar
3896 40 117
The base code for this indicator was created by RicardoSantos and can be found here :


What I added is a signal line that indicates when to buy and when to sell.

Advised use :

Combine with a zero-lag indicator like ZeroLagEMA_LB by LazyBear (suggested period = 34)


Then use the following Rules of engagement :
Current price > ZLEMA & Signal line of BBP_NM is green : BUY
Current price < ZLEMA & Signal line of BBP_NM is red : SELL

Please click the like button if you dig this indicator !
fabfoot
a year ago
I don't have a like button. How do I get this indicator?
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Script link can be found in the related ideas
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AndrewHook
a year ago
Hi Nico,
For a daily chart, does the suggested period remain 34 ? Thanks
+1 Reply
Nico.Muselle MOD AndrewHook
a year ago
I checked on most timeframes and 34 seems to be the best period for the ZeroLagEMA indicator. But do feel free to experiment. :)
+1 Reply
AndrewHook Nico.Muselle
a year ago
Thank for you fast answer :)
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Nico.Muselle MOD AndrewHook
a year ago
Welcome ! :)
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AndrewHook Nico.Muselle
a year ago
It seems 34 period is quite to long. There is a lag between the waves buy/sell signal regarding the movement. I have to test and learn how to use it properly. Anyway, thanks for sharing and a big up for RicardoSantos +1
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Nico.Muselle MOD AndrewHook
a year ago
Thanks for your feedback ... I prefer the signal to be very clear before entering, but you can indeed use a shorter period if you want to enter sooner. Downside is that you might have a couple of "false" signals that do not really deliver the expected pips. Like always, there are pros and cons.
+1 Reply
IvanLabrie PRO Nico.Muselle
a year ago
Nico, you should forward test it and post a week of say 4h trades with it.
That would be cool (if you're still demo trading).
Been a while since you post, all good?
+1 Reply
Vincenzo111 IvanLabrie
a year ago
You reply to a post from Nico, about this indicator
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Nico.Muselle MOD IvanLabrie
a year ago
Hey Ivan, thanks for your feedback, much appreciated. I'll see what I can do for the demo trades as I do not have a lot of time these days.
I'm very good but I've been very busy trying to code (working) automatic trading systems lately and this indicator is something that I will add to the system for confirmation.

Next step for this indicator is try and add Ehler's smoothing method (without adding lag) to make the signal even more clear and less choppy.
+1 Reply
IvanLabrie PRO Nico.Muselle
a year ago
Yes, figuring out these things is really complex.
Good luck, should be an interesting enterprise.
+1 Reply
Nico.Muselle MOD IvanLabrie
a year ago
Thanks a lot, it's not easy, but it definitely is interesting. :)
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For those who do not know how to add this indicator to their charts :

- click on the indicator button above your chart
- in the search text box, type 'BBP_NM'
- click the link that shows up on the right side of the pop-up window ...

To add the ZeroLagEMA_LB
- in the search text box type 'ZeroLagEMA_LB'

Et voila ! You are now ready to grab some pips !
+1 Reply
bilk29 Nico.Muselle
a year ago
Thank you
+1 Reply
Nico.Muselle MOD bilk29
a year ago
You are welcome !
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riccardo.pradella PRO Nico.Muselle
a year ago
sorry one question: i'am not able to add zerolagema, when i try instead of adding it, system add another time BBP_NM, even if i'am searching for zerolag, know why?
+1 Reply
ZarNegar PRO
a year ago
Welcoming Mr. Nico
I have to say:  Your analysis. The best analysis that I've seen on this site.
+1 Reply
Nico.Muselle MOD ZarNegar
a year ago
Thanks for your kind words, really appreciate it. Hope you enjoy the indicator. :)
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FullTimeTrader
a year ago
Interesting, we could use it as confirmation for our setups. Regards.
+1 Reply
Nico.Muselle MOD FullTimeTrader
a year ago
Yep, should be good as an additional confirmation to your trade setups. Good luck and good trading !
+1 Reply
Vincenzo111
a year ago
Hello Nico, how I get this indicator, please?
Reply
AndrewHook Vincenzo111
a year ago
For those who do not know how to add this indicator to their charts :

- click on the indicator button above your chart
- in the search text box, type 'BBP_NM'
- click the link that shows up on the right side of the pop-up window ...

To add the ZeroLagEMA_LB
- in the search text box type 'ZeroLagEMA_LB'

Et voila ! You are now ready to grab some pips !

Go on any charts then indicator search bar copy?paste ZeroLagEMA_LB' done
+1 Reply
Nico.Muselle MOD AndrewHook
a year ago
Thanks for helping me out here :)
+1 Reply
Dll PRO
a year ago
Interesting, will do some test later. Thanks for sharing this!
+1 Reply
Nico.Muselle MOD Dll
a year ago
You're welcome ! :)
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KristjanRoivas
a year ago
How do i change period. Is it in settings, under the input named ´Length`? Thanks
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omw78ygthasoh
a year ago
Hi could you point me in the direction of the indicator that you are using please
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sansco
a year ago
This is a good looking strategy. Nice and simple which is my style. What kind of stop loss/limit/money management rules would you use with this if you don't mind and do you use anything else for added confluence?
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tst
a year ago
looks good but still as indicators are they lag price. Looks good when you look back but in fwd test you can see if it is to give a buy signal now the green line will start 2 bars back. But as you say use in complimentary to other trading signals. Nice looking indicator though appreciate your effort and willingness to share.
snapshot
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Nico.Muselle MOD tst
a year ago
Thanks for your feedback. I have noticed this as well and the issue is in the original script when there is no data for either bulls or bears it does not plot the line. I'm working on a solution for that as we speak. Will keep you updated through this post. :)
+1 Reply
tst tst
a year ago
took screen snap just as it gave buy signal. Im thinking maybe have the indicator run flat so it keeps up with price as if drawn. just a suggestion but guess its much the same.
snapshot
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Nico.Muselle MOD tst
a year ago
Thanks again, see my update above. Expect a fix very soon ;)
+1 Reply
tst Nico.Muselle
a year ago
No worries that what's this sit is all about, thanks for sharing.
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GuillaumePanot
a year ago
Thank you Nico for sharing, I will give a try on a GBP/USD 240 chart and give some feedbacks in the coming days.
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caifu642
a year ago
It looks like an interesting indicator. I'm seeing a large head and shoulders pattern. It'll be interesting to see if it resolves to the downside estimated target of 1.08 or so.......
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aibek
a year ago
Hello Nico, nice indicator!
Could you give me the link to it's description to understand it and to explain for those who is not in the net.
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ledoongcuc aibek
a year ago
easy way to understand it is if Current price is above ZLEMA & Signal line of BBP_NM is green : BUY Signal
Current price is below ZLEMA & Signal line of BBP_NM is red : SELL Signal
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aibek ledoongcuc
a year ago
thanks for reply, I meant I need underlying math of it not use of it.
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MartinNespory
a year ago
Hi Nico .did u try any back test on this moving average ?? It look pretty nice.Thanks Martin
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