Bulls vs Bears indicator

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Hi.

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

There’s the settings:

bulls vs bears indicator settings

nothing unusual here just period of bars, type of the MA to calculate values and price type.

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

Installation:
Place the indicator’s ex4 file to your metatrader4 indicators directory.

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Votes
5 based on 132 votes
Software Name
Projectreaper Bulls vs Bears indicator
Terminal
Metatrader4
Software Category
Forex Indicator
Price
USD 0
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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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