This indicator is based on SMA, EMA, Volume, Price Action and more! All in order to find where the BIG BEARS & BIG BULLS are at! This big fishes are able to add huge ammounts of volume in the direction they want, and move the prices. Fact is this indicator shows if the big fish is either a bull or a bear, best entries, targets, exits, and more!
How it Works? When the oscillator turns the background red a BIG BEAR has been found. When it turns Green a powerfull bull has been found, furthermore the blue histogram shows high ammount of volume.
The indicator has been tested on 5 min stocks. And with the default values.
Release Notes
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Several small changes.
How to use the indicator:
When bars turn yellow (oscillator turns green/bullish or red/bearish) use the highs and lows of those bars as support or resistance. Then go ahead and trade it as if you were going to trade a breakthough or a simple bounce from either resistance or support!
Thank you.
Requirements: Used on any timeframe over 5 mins. Cryptos and Stocks with good volume.
DO USE THIS INDICATOR UNDER YOUR OWN RISK. IM NOT RESPONSIBLE FOR ANY LOSSES YOU MAY HAVE WHILE USING IT.
Release Notes
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Added more filters! Accurancy increased in certain bars.