Dreadblitz

Bull Bear Power Trend

Do you find it difficult to analyze trends?

This indicator will help you to have an objective analysis of the trend.

Let's start .....

In this indicator Bears and Bulls go their separate ways.

-The Bull line ( bullish green) always goes above zero.
-The Bear line ( bearish red) always goes below zero.

With a quick glance, you will know who is winning.


There are two zones of tendency force:

- Above 2 for bulls: when the Bull line crosses its + 2 level upwards, an uptrend begins to have strength.
- Below 2 for bears: when the Bear line crosses its -2 level down, a downward trend begins to gain strength.


Trend Confirmation:

- When a histrogram bar appears the trend is confirmed.

When a positive histogram appears, it indicates that the Bull line is above its + level and the Bear line is above its level -.
When it is a negative histogram that appears, it indicates that the Bear line is below its level - and the Bull line is below its + level.


The TREND line (in black) is the difference between the Bull line and the Bear line.
Its crosses above / below zero serve us to track the trend, as well as turning points where we could put a stop loss .


This indicator generates multiple signals as position management, I leave it to fall in love with it and find all that.

Thanks to Jose Callao for this great idea.

Thumbs up
Dec 20
Release Notes: a user asked to smooth Trend Line add the option by applying a regression, you can activate it in the configuration and change the length at your discretion
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I like the way it was coded and represented .
There is always a need for good supporting indicator for good trading .
I will check with my indicator as this as addon and let you know how this is helping to be more profitable.
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@MarxBabu, thank you very much, synergy is the best to achieve a good result, regards
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how can we add into indicator list...?
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@irfan46, on the code press "add to favorite scripts"
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Can i use it on my amibroker?
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Dreadblitz vgvdautugiatri
@vgvdautugiatri, hi, it's not possible, regards
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Also, it's repainting...
+1 Reply
@mariuspe, the indicator does not repaint, greetings
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Good job! Which is the best timeframe to use it? For 1 day is ok?
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