Bulls vs Bears Smoothed Alert Indicator

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Hi,

This is my new trend indicator oscillator it showing you strength of bulls and bears on a chart.

Settings :

CalculationPeriod – amount of bars to calculate
Method – formula to calculate indicator
Price – price type
IndicatorSmooth – amount of smooth (1-off)
IndicatorSmoothMethod – smooth formula
DrawBars – amount of bars to draw indicator data

Alerts
PopupAlert – enable terminal alert windows
SoundAlert – enable sound alerts
ArrowsOnChart – enable draw arrows on price chart
IndicatorArrows – enable draw arrows on indicator sub window
SMSPushAlert – Push alerts to your phone
EmailAlert – Email alerts to your phone

Style
Buy_ArrowColor – color of buy arrows
Sell_ArrowColor – color of sell arrows
Arrows_Width – width of signal arrows

How to trade:

Buy trading signal would be if blue (bulls) line crosses up red (bears) line

Sell – vise versa

Also this indicator can be used as a trend direction filter I specially added Bullish and Bearish market markup in the indicator interface

Check the screenshots

forex bulls vs bears indicator

forex bulls vs bears indicator

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PRO TIP :

You can get a signal from a combination of indicators.

Follow the link to learn how to combine two or more signal alert indicators together http://projectreaper.pw/en/how-to-combine-two-or-more-signal-alert-indicators-together/

How to install :

1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
3. Restart terminal and apply the indicator to a chart
4. Register a valid email with single time donation or log in with previously registered email address.
5. You can switch your broker account any time you need by logging in with previously registered email address

How to find Data folder :

in the terminal click File menu – Open Data Folder

Good trading!

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Votes
5 based on 136 votes
Software Name
Projectreaper Bulls vs Bears indicator
Terminal
Metatrader4
Software Category
Forex Indicator
Price
USD 30
Official Page

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2 COMMENTS

  1. All your indicators, which you have labored to code, seem to have distinct benefits. I am humbled to be able to use them for FREE, thank you so much!

    If I would ask anything of you it would be for a series of blog posts about how you would combine some of these and come of with angles for a trading system of that nature. Respecting your time, if such a thing never happens, it is fine.

    All the best! ~tux

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