This is my new trend indicator oscillator it showing you strength of bulls and bears on a chart.
There’s the settings:
nothing unusual here just period of bars, type of the MA to calculate values and price type.
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
1. Download file
2. Unzip archive and copy the MQL4 folder from the archive to your terminal Data folder
in the terminal click File menu – Open Data Folder
Write down comment or use the feedback button
Copyright © 2019 · Created by MQLDev
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
Check your inbox, answered directly to your email.