LazyBear

Indicator: Bears/Bulls power

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Simple indicator to know which side is more active :)

Enjoy.
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//
// @author LazyBear
// 
study(title = "Bears/Bulls [LazyBear]", shorttitle="BearsBulls_LB")
length=input(13)
src=close

s_ma = sma(src, length)
s_bulls = high - s_ma
s_bears = low - s_ma
plot(s_bulls, style=area, color=green, transp=50)
plot(s_bears, style=area, color=red, transp=50)
So, if the green is more than the red, it means bulls are more active; hence, the market likely to go up. And, vice-versa.
Am I correct in the interpretation?
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Great indicator
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How to download this indicator, please help!
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@dunglevan, On tradingview chart, you see an option called "Pine Editor" on the bottom left side. Open that and past the script there, and click on add tochart. You can also search youtube about pineeditor and you can find steps there.
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Good Work my friend!
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LazyBear DanielPier
Thanks
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Thank you for the nice list and all the great work you do!!!
Reply
Will try this one
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