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Bull vs Bear CandlesThe Bull vs Bear Candles indicator helps you analyze market sentiment by counting and comparing bullish and bearish candles. It tracks the number of bullish candles and calculates their percentage, then does the same for bearish candles. Based on this data, the indicator determines whether bulls or bears are in control. Additionally, it counts the total number of candles within the selected range, giving you a clearer picture of price action. Use this tool to quickly assess market trends and make more informed trading decisions. 🚀
Pine Script® indicator
by yourtradingbuddy
Bull Bear Power TrendDo 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
Pine Script® indicator
by Dreadblitz
130
Bearish Market Indicator V2Definition Have you ever wonder whether if the stock/index/market is "bearish" ? A Bearish Market Indicator (B.M.I) is not a new concept, the definition is simply 20% lower from the recent (term: short-term, recent: usually within a year, a.k.a 1 year) highs (closing price with in the recent period or within in a year or simply a 52-Week High). It is called “bearish” by definition when the closing price is below 20% from the highest price within the year (52-Week high: Green Line). To visualize the “20%” below the recent highs, there is a plot (line: light yellow color in the middle) called a Bearish Market By Definition Value. For example, the SPX 500 has been in a bearish market which is why there is a purple color highlight over the 52-Week High (green line) since September 21, 2022 because the closing price is below the Bearish Market By Definition Value (light yellow color) or “20% below the recent highs”. Finally, there is a red line under in the graph and it is the lowest price within a year. So when you hear, “this ticker is at a 52-Week Low”, you know what it means. Line Summary: Green Color Line = 52-Week High Yellow Color Line = 20% away from the 52-Week High or Bearish Market By Definition Value Red Color Line = 52-Week Low Color Summary: Red Color = Bad Saturated Red Color = Very Bad Purple Color = Bearish (It may look pink: red + purple) White Color = Less Bad (That’s because there is no certainty only probability) Green Color = Not too Bad (That’s because there is no certainty only probability) Now to more complicated Metrics >> If you do not like the technical indicators, go to the indicator settings, uncheck the tables. Otherwise, please continue reading. << Pre-requisites + Understand that the indicators are lagging indicators. + Using it under “D” or “Day” interval + Already Understand: Moving Averages, Stochastic-RSI, RSI, Super Trend and MACD. + Please be aware that this might not be compatible with traders! Indicators This B.M.I is fused (comprised, combined) with multiple indicators: - Moving Averages I would not rely just on the Moving Averages (MA) since it is a lagging indicator. The values are derived by finding the differences with respect to the MAs (between the closing price and with the respect MA). - Stochastic-RSI Stochastic and RSI combo with RSI-Color coating. The first value is the rsi-stochastic-k followed by the rsi-stochastic-d both are compartmentalized with “|”. Parameter: Numbers > 80 Not Good Numbers < 20 Is it time? (You can manually verify the lines (k, d) or the values from them) - Relative Strength Index (RSI) The first value is the rsi followed by the rsi-ma both are compartmentalized with “|”. It is also coated with RSI-color. Parameter: Numbers > 70 Overbought | Color Red If the RSI > RSI’s MA = Green If the RSI < RSI’s MA = Red Numbers < 30 Oversold | Color Red - Moving Averages Convergence Divergence (MACD) The first value is the MACD-line followed by the signal-line both are compartmentalized with “|”. Macd-line > signal line = green Macd-line < signal line = red - Supertrend (please look up from the documentation; i can not embed the link) Think of this way, you’re riding a wave. If the wave is climbing, expect the price to follow. Direction < 0 = Green Direction > 0 = Red - Other Trend similar to supertrend This is similar to the Super Trend according the some. Imagine you’re drawing a trend line manually within 6 months. Within the period, the line gets smoothed over and over til the n=9. > If the closing is less than the 9th value, it implies the trend is slowing down. Usage Adjustments + Since there are different holidays from different countries, you can change the BMI-Period from the indicator settings “BMI-4khansolo”. + You can hide Technical Indicator Tables, it is also under the settings (see above). > This will show red over the 52-Week high if it tests for positive . Purpose Do you like eating the same food over and over? No! I love different food! I also love a variety of indicators. Especially, I love having MULTIPLE indicators presented in one canvas at the same time (personalized). After spending a lot of time, I want to share my “FOOD” which is made of different ingredients (indicators) with someone who appreciates food! This Makes me a chef isn't it? Yes! Chef! Questions? If you have questions or spotted errors, please comment them below so that I can improve. Sources All the materials (i.e., functions like ta.rsi, etc...) used in here are available in the platform. All the references or sources materials are commented with the code since the I am not allowed to put them here.
Pine Script® indicator
by fourkhansolo
2
Bearish Engulfing AlertThis is a Bearish Engulfing Candle Indicator with Alerts. This is not like any other Bearish Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles. Also, the user can choose if they like nice body engulfing or they want to ignore them. The indicator have the following highlights: 1) Ability to choose the color of the engulfing candle body. 2) Ability to choose a different color for the Liq (liquidity) swap engulfing candle body. 3) With above 2 options, you can get the desired information without plotting any extra information on the chart. 4) You can put the alerts for getting notified when these patterns forms on the chart. 5) Ability to choose between getting notified or not on the chart if the engulfing candle body is less than 40% of the whole candle size. This is useful in order to identify if the engulfing is really powerful or not. 6) Ability to choose between getting notified or not on the chart if the engulfed candle body is really small. This is in particular useful for avoiding the engulfing of Doji which in turn might not be that powerful. We will keep on making the improvements/Enhancements over the time (Check the changelog for such features) NOTE: The indicator is of best use if you have a defined & back tested strategy which relies on this type of candlestick pattern.
Pine Script® indicator
by For3xScalper
2
Bears Bulls Impulse█  OVERVIEW Maybe another version of the Bears Bulls indicator, but with a unique interpretation on the scripts found here on Tradingview. Again, this indicator is not meant to be used alone but as an entry/exit confirmation with other indicators. █  CONCEPTS Using a modified version of the WMA indicator, the LWMA , this indicator will work similarly to the Bears Bulls Power indicator. Quoting from Admiral Markets, "Bulls Power measures the capability of buyers in the market to lift prices above an average consensus of value. Bears Power measures the capability of sellers to drag prices below an average consensus of value. Using them in tandem with a trend measure allows you to identify favorable entry points." █  HOW TO USE IT As soon as the color changes, it indicates a change in the price direction and divergences. Green buy, red sell? Not that simple, but following that pattern for scalping may result in some good entries. Following this indicator blindly will not be accurate as using another indicator to filter the signals in favor of a major trend (that indicator could be another Bears Bulls Inpulse from a higher time frame)
Pine Script® indicator
by ThiagoSchmitz
5
Bear vs Bull Trend indicator by Atilla YurtsevenHi Traders, Bear vs Bull Trend indicator helps you to determine the trend direction easily. Using this indicator, you will not need to look for the cross-over anymore. You can simply choose your favorite Trend detection indicator from the properties (sma, wma, ema, linear). I usually use Linear trends. Disclaimer: All the information in this article, including the algorithm & indicator, was provided and published for informational purposes only and should not be considered legal or financial advice. PS: Please leave some comments and remember to follow me. I share only the indicators that i use. Happy trading :) Atilla Yurtseven
Pine Script® indicator
by AtillaYurtseven
7
Dante Bullish/Bearish EngulfingBearish and Bullish engulfings as taught by Tom Dante Piccin. Different from other bullish/bearish engulfing indicators because other indicators only want the body of the current candle to engulf the previous body. This indicator needs the low and high of the current candle to engulf the previous one and also in the example of a bullish engulfing close above the previous candle high or in a bearish engulfing example close below the low of the previous candle.
Pine Script® indicator
by Seriffin
5
Bearish Candlestick PatternsDoji Black Spinning Top White Spinning Top Bearish Abandoned Baby Bearish Advance Block Bearish Below The Stomach Bearish Belt Hold Bearish Breakaway Bearish Counter Attack Lines Bearish Dark Cloud Cover Bearish Deliberation Blok Bearish Descending Hawk Bearish Doji Star Bearish Downside Gap Three Methods Bearish Downside Tasuki Gap Bearish Dragonfly Doji Bearish Engulfing Bearish Evening Doji Star Bearish Evening Star Bearish Falling Three Methods Bearish Falling Window Bearish Gravestone Doji Bearish Hanging Man Bearish Harami Bearish Harami Cross Bearish Hook Reversal Bearish Identical Three Crows Bearish In Neck Bearish Island Reversal Bearish Kicking Bearish Ladder Top Bearish Last Engulfing Top Bearish Low Price Gapping Play Bearish Mat Hold Bearish Matching High Bearish Meeting Line Bearish On Neck Bearish One Black Crow Bearish Separating Lines Bearish Shooting Star Bearish Side by side White Lines Bearish Three Black Crows Bearish Three Gap Up Bearish Three Inside Down Bearish Three Line Strike Bearish Three Outside Down Bearish Three Stars in the North Bearish Thrusting Line During Dowtrend Bearish Tower Top Bearish Tristar Bearish Tweezers Top Bearish Two Black Gapping Bearish Two Crows Bearish Upside Gap Two Crows
Pine Script® indicator
by ceyhun
{Gunzo} Bulls Power vs. Bears PowerBulls Power vs. Bears Power is a unique tool that displays on each candle the balance between the bears (sellers) and the bulls (buyers). OVERWIEW : This indicator is mainly based on the popular indicator “Elder ray” made by Dr. Alexander Elder in 1989. This indicator has been developed in order to determine the strength of the competing groups of buyers and sellers in the markets. CALCULATION : To measure the competing power of bulls and bears, the indicator compares the current high (maximum power of the bulls) and current low (maximum power of the bears) to the average price using a exponential moving average. Bull Power = Current High – EMA 13 (closing) Bear Power = Current Low – EMA 13 (closing) This Elder ray indicator can also tell us more information about market conditions : If the current high and current low are above the EMA 13, the bulls are totally in control on the market If the current high and current low are under the EMA 13, the bears are totally in control of the market If the EMA 13 is in between of the current high and current low, there is strong fight about controlling the market, there is possible reversal in this configuration SETTINGS : Fast MA Period : Fast moving average period (only used for buy sell signal) Slow MA Period : Slow moving average period (only used for buy sell signal) Display candle labels : Show/hide candle labels on the chart Display only bear labels above X : Exclude all top candle labels on the chart below the value specified. Display only bull labels above X : Exclude all bottom candle labels on the chart below the value specified. Display opposite values : Show all candle labels on top (bearish) and bottom (bullish) or only show the candle labels for the winning force on the candle. Display box for last candle : Show/hide the dominance boxes (red and blue) after last candle showing the last bear and bull power. Display box after X candles : How many candles in the future the dominance boxes should be displayed. Display slow / fast crossover (o) : Display crossover signals (circles) between fast line and slow line. Display bear / bull fighting (x) : Display fighting signals (crosses) between bull and bears. VISUALIZATIONS : This indicator has 3 possible complementary visualizations: Candle labels : The labels on top are the percentage of the bears on the candle, while the labels on the bottom are the percentage of the bulls on the candle. When the bulls are winning the labels are blue, when the bears are winning the labels are red, silver otherwise. Box after last candle : The blue and red boxes after the last candle are the percentage of bears and bulls on the last candle of the chart. That boxes can be disabled in the settings if you feel it is redundant with the labels. Signals : The signals are displayed at the bottom of the main area of trading. The orange “x” represents an area where bulls and bears are fighting hard. The blue “o” represents a buy signal (fast line crosses over the slow line) and the red “o” represents a sell sinal (fast line crosses under the slow line). USAGE : The most important rule in the usage of this indicator is : “The higher the current bull power is (or bear power), the higher the chances are the next candle will also be bullish (or bearish).” When the prices is increasing, it is very interesting to follow the bull power to verify that it is either stable or increasing. If the bull power keeps decreasing candle after candle, there is chances that in the next candles there will be a reversal. When there is orange crosses in the signal area (bottom of the screen), it means that there is a big fight between bulls and bears and that the current price of the asset is probably stable. During these fighting areas, reversals are more likely to happen. When there is a blue circle in the signal area (or red signal), it can be considered as a buy signal (or sell signal). These signals are determined by the crossover of the fast and slow lines of the total power of the bulls plus the bears. LIMITATIONS : As Pine script only allows to display about 50 drawings on the chart, the labels on the candles can not be printed on all the historical candles. The option “Display opposites” could be useful to hide unnecessary labels and then be able to display more older labels. As the Elder ray indicator uses an average price (EMA 13 of closing price), the indicator may be lagging in some situations, but most of the time it will help to filter the bad signals contrary to the indicators that are too reactive.
Pine Script® indicator
by Gunzo_TV
46
IL - Bull and Bear Engulfing Detector - v01Description: This indicator is designed to identify and highlight Bullish and Bearish Engulfing candlestick patterns on your chart. It offers a high degree of customization through different engulfing definitions and an optional strictness filter, allowing traders to tailor the detection to their specific criteria for these common reversal signals. Features: - Universal Detection: Identifies both Bullish Engulfing and Bearish Engulfing patterns. - Configurable Engulfing Modes (via "Engulfing Definition Type" input): 1. "Body (O/C)": Traditional - current body engulfs previous body. 2. "Range (H/L)": Current H/L range engulfs previous H/L range. 3. "Body & Range (Super)": Requires BOTH "Body (O/C)" AND "Range (H/L)" conditions. - Optional "Larger Body" Filter: Engulfing body must be strictly larger. - Display Toggles: Options to show/hide Bullish and/or Bearish pattern signals. - Customizable Colors: Bar colors for bullish/bearish patterns are user-configurable. - Data Logging: Option to log detected pattern details to the Pine Logs. - Visual Signals: Patterns marked with plot shapes and optional bar coloring. How to Use & Interpret: - Configure "Engulfing Definition Type", "Require Larger Engulfing Body?", display toggles, and colors in the indicator settings. - Enable "Log Detected Pattern Examples?" in "Debug Options" to capture data. - BE = Bullish Engulfing (green triangle below bar). BRE = Bearish Engulfing (red triangle above). - Use with other analysis methods for confirmation. Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.
Pine Script® indicator
by TheIndigoLynx
Bull / Bear Market RegimeBull / Bear Market Regime Instructions: - A simple risk on or risk off indicator based on CBOE's Implied Correlation and VIX to highlight and indicate Bull / Bear Markets. To be used with the S&P500 index as that's the source from where the CBOE calculates and measures implied volatility & implied correlation. Can also be used with the other indices such as: Dow Jones, S&P 500, Nasdaq, & Nasdaq100, & Index ETF's such as DIA, SPY, QQQ, etc. - Know the active regime, see the larger picture using the Daily or Weekly view, and visualize the current "Risk On (Bull) or Risk Off (Bear)" environment. Description: - Risk On and Risk Off simplified & visualized. Know if we are in a RISK ON or RISK OFF environment (Bull or Bear Market). (Absolute bottoms and tops will occur BEFORE a Risk On (Bull Market) or Risk Off (Bear Market) environment is confirmed!) This indicator is not meant to bottom tick or uptick market price action, but to show the active regime. - Green: Bull Market, Risk On, low volatility, and low risk. - Red: Bear Market, Risk Off, high volatility, and higher risk. Buy & Sell Indicators (DAILY time frame) - Nothing is 100% guaranteed! Can be used for short to medium term trades at the users discretion in BEAR MARKETS!! - These signals are meant to be used during a RISK OFF / BEAR MARKET environment that tends to be accompanied with high volatility. A Risk on / Bull Market environment tends to have low volatility and endless rallies, so the signals will differ and in most instances not apply for Bull market / Risk on regime. - The SELL signal will more often than not signal that a pullback is near in a BULL market and that a BMR-Bear Market Rally is almost over in a BEAR market. - The BUY signal will have far more accuracy in a BEAR market-high volatility environment and can Identify short-term and major bottoms. Always use proper sizing and risk management!
Pine Script® indicator
by SheepWoolos
Bulls vs BearsThis indicator helps show whether Bulls or Bears have more power at a given time. On the chart, you can see how one might use this indicator for entry, exit, and confirmation. The math used to calculate the indicator line is as follows: bullPower = high - MA bearPower = low - MA indicatorLine = bullPower + bearPower If the indicator is above the baseline of 0, line is green and Bulls are in power. If the indicator is below the baseline of 0, line is red and Bears are in power. Baseline is defaulted to 0. This can be changed in either direction to create more confirmation about bullish or bearish. This line determines the color of the indicator line. The dark band/channel is based on the Average True Range (ATR). The channel size can be adjusted. When the indicator line moves outside of the channel, it is an extremely strong indicator of who is in power and may precede a reversal or slowdown. Settings that can be adjusted: ATR Multiplier - adjusts the size of the channel. Default is 3 Source (default hlc3) Moving Average Length - Default is 13. Moving Average Type - EMA - SMA - SMMA (RMA) - WMA - VWMA Baseline - Sets color of indicator line to show what's bullish/bearish. Default to 0. Colors: - Indicator Line Colors - ATR Band upper & lower lines - ATR band background
Pine Script® indicator
by ChimpsAndDimp
1
TGs The Strat Bull n Bear Engulf V1.2After accidentally violating house rules. I am republishing the script. The script is based upon #TheStrat, which is Rob Smith's way of looking at price action. It takes into account a candles ENTIRE range, wicks included. So a Bullish candle (colored however you would like) when it closes will engulf the complete range of the prior bar and indicate by painting the bar your color choice. A Bearish will do the same. In the Style menu, the first color will be the Bear color the second the Bull. Any issues please let me know. Spread THE STRAT for all of mankind.
Pine Script® indicator
by Trader_Green
Elder Ray Bull and Bear Power OscillatorsElder Ray Bull and Bear Power Oscillators Tradingview Screener Bull Bear Power(BBPOWER) OVERVIEW The Bull and Bear Power oscillators developed by Dr Alexander Elder attempt to measure the power of buyers (bulls) and sellers (bears) to push prices above and below the consensus of value. The primary principles on which Elder based the oscillator are: The highest price displays the maximum buyer’s power within the day. The lowest price displays the maximum seller’s power within the day. The moving average can be construed as a price agreement between buyers and sellers for a given time period. The Bulls/Bears power balance is important since changes in this balance can signal the early stages of a potential trend reversal. CALCULATION Elder uses a 13-day exponential moving average (EMA) to indicate the consensus market value. Bull Power is calculated by subtracting the 13-day EMA from the day’s high. Bear Power is derived by subtracting the 13-day EMA from the day’s low. TRADING WITH THE ELDER RAY BULL AND BEAR POWER OSCILLATORS BULL POWER Where a currency uptrend is sustained to the point that maximum prices move above the EMA the Bull Power histogram will be greater than zero. As price maximums accelerate to greater levels (above the EMA) during the rising trend histogram bars will increase in height above the zero line showing the increased buying strength during the period. BEAR POWER Where a currency downtrend is sustained to the point that minimum prices move below the EMA the Bear Power histogram will be less than zero. As price minimums accelerate to lower levels (below the EMA) during the falling trend histogram bars will increase in height below the zero line showing increased selling strength during the period. TRADING SIGNALS It is important for traders to use the Elder Ray oscillators in conjunction with the EMA overlay over the price chart (typically as per period being analysed) to give additional context to the signals. Sell signals are given if Bull Power is above zero and there is a bearish divergence in the Bull Power histogram or if the Bull Power histogram is above zero and falling. Buy signals are given if Bear Power is below zero and there is a bullish divergence in the Bear Power histogram or if the Bear Power histogram is below zero and rising. It is extremely important for traders to only trade in the above scenarios if the direction of the trend indicated by the slope of the EMA on the price chart is in the direction of their trade when the signal is given (or shortly after).
Pine Script® indicator
by ceyhun
4
C320up Bear Power C320up Bear Power “The Bears Power oscillator was developed by Alexander Elder. It measures the difference between the lowest price and a 13-day Exponential Moving Average (EMA), plotted as a histogram. If the Bears Power indicator is below zero, it means sellers were able to drive price below the EMA. If the Bears Power indicator is above zero, it means buyers were able to keep the lowest price above the EMA. Bears Power is a fully unbounded oscillator with a base value of 0 and has no lower or upper limit. The indicator is often used in combination with other signals.” ~ TradingView You can customise the colours of this indicator or change from histogram to area, line, etc., or a combination of these. The default colours are Green (Bulls) for above zero, and Red (Bears) for below zero. This indicator is not to be confused with Elder’s Force Index, which uses SMA and Volume.
Pine Script® indicator
by C320up
1