Indicator: Bears/Bulls power

BTCE:BTCUSD1D

Description

⋅ Mar 8, 2014 4:54 PM

Simple indicator to know which side is more active :)

Enjoy.

Sentiment Studies

Comments

Joy_Bangla_1979

⋅ Jun 19, 2019 9:20 AM

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?

thesoonerthebetter

⋅ Jan 2, 2022 12:14 PM

THANK YOU

mentalAuthor84873

⋅ Apr 27, 2021 5:30 PM

"s_ma = sma(src, length)
s_bulls = high - s_ma
s_bears = low - s_ma"

simple

Crypto_Meister

⋅ Jan 28, 2021 4:47 AM

Wow! Remember those crazy wicks! Fun times!

Joy_Bangla_1979

⋅ Jun 19, 2019 9:19 AM

Great indicator

dunglevan

⋅ Sep 24, 2017 4:38 AM

How to download this indicator, please help!

karthikdtrading1

⋅ Nov 26, 2017 6:51 PM

@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.

DanielPier

⋅ Jun 19, 2014 2:32 AM

Good Work my friend!

LazyBear

⋅ Jun 19, 2014 4:31 AM

Thanks

dave.seremek

⋅ May 11, 2014 9:42 PM

Thank you for the nice list and all the great work you do!!!