* Base on RSI status in the same period of price bar, "Bull Bear Power" is counting number of bars moved above 70 then return result to "bull power" series, and counting number of bars moved below 30 then return result to "bear power" series.
* By default RSI period is 2 and Bar period is 15.
* Bull power: green columns.
* Bear power:...
Bill William Bull/Bear divergent bars
See: Book, Trading Chaos by Bill Williams
Coded by polyclick
A bullish (green) divergent bar, signals a trend switch from bear -> bull
-> The current bar has a lower low than the previous bar, but closes in the upper half of the candle.
-> This means the bulls are pushing from below and are trying to take over,...
A bull market is gaining ground and is economically sound, while a bear market is declining and most stocks are depreciating. The actual origins of these terms are unclear, but one reason could be that bulls attack by pulling their horns up while bears attack by brushing their paws down.
L2 Bull Bear Convergence Divergence...
Plots Daily and Weekly 10 & 5 EMAs (but fully customizable to your own).
In addition to plotting the EMAs it color coordinates trend bias and has cross confirmation signals.
Philosophy and how to read:
I use this indicator when trading strictly on the daily timeframe. I have not tested it on other timeframes.
In my trade system I start with both the monthly...
Vadim Gimelfarb's article in this issue , "Bull And Bear Balance Indicator," describes a method of deducing market sentiment from close-to-close price movement. His system uses the various possible relationships between the previous close and current open, high, low, and close