Bull& Bear Bars Count/Calculator — Indicator by yeungshawn

In bull trend, bull bars are more than bear bars and vice versa.

More important, if the bull/bear bars are more continuous, the trend is typically stronger.

So, if the bars amount is visualized, it would be much more easier to identify the unfolding trend in front of you.

This indicator shows you the amount of bull/bear bars by columns.

The higher the column, the bars are more continuous, the trend is stronger.

Release Notes:

update

Release Notes:

update

Release Notes:

update

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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