loxx

Bears Bulls Impulse [Loxx]

Bears Bulls Impulse, originally known as the the Elder-Ray Index, is a technical indicator developed by Dr . Alexander Elder that measures the amount of buying and selling pressure in a market. This indicator consists of two indicators known as "bull power" and "bear power," which are derived from a 13-period moving average.

Included:
- Various average modes to fine-tune the signal

This is an exact clone of the "Bears Bulls Impulse" MT4 indicator

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

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