I'd like to share with you a new Bulls & Bears Force Differential Indicator. It separates price series into two flows: Bulls and Bears and calculates the force of them independently. Please don't think that I'm intoducing a holy grail as it gives also some false signals in ranging market conditions.
Blue line - Bulls Force.
Red line - Bears Force.
When Blue line cross Red line and become higher it means that Bulls become stronger than Bears and vice versa.
You may play with Period, TF and currency pairs to determine the best Indicator applications.
Below is a couple of recent samples.
I'm interested in your opinion about this indicator and how to use it in our favor.
Stay GREEN.
Blue line - Bulls Force.
Red line - Bears Force.
When Blue line cross Red line and become higher it means that Bulls become stronger than Bears and vice versa.
You may play with Period, TF and currency pairs to determine the best Indicator applications.
Below is a couple of recent samples.
I'm interested in your opinion about this indicator and how to use it in our favor.
Stay GREEN.
Attached File(s)
BBDA.ex4
12 KB
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2,095 downloads
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Uploaded Jul 3, 2018 1:57am
BR, alex