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New Bulls & Bears Force Differential Indicator

  • #1
  • First Post: Edited Jul 3, 2018 12:58am Sep 22, 2017 4:52am | Edited Jul 3, 2018 12:58am
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.

Attached File(s)
File Type: ex4 BBDA.ex4   12 KB | 2,571 downloads | Uploaded Jul 3, 2018 12:57am


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BR, alex
  • #2
  • Sep 22, 2017 5:12am Sep 22, 2017 5:12am
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As you see I prefer using this indicator on M1 with Period=1000.
BR, alex
  • #3
  • Sep 22, 2017 5:36am Sep 22, 2017 5:36am
Can you describe a litle bit what/how Bull/Bear forces are calculated/messured?
  • #4
  • Sep 22, 2017 5:46am Sep 22, 2017 5:46am
Is this back or re painting when new candle(s) closed ?

Thanks
Working,to be the best !
  • #5
  • Edited 6:05am Sep 22, 2017 5:53am | Edited 6:05am
i tried this indicator,the lines don't cross on 1000 period setting ,its not working for me,i tried several period settings, lets see if u change time frame etc
  • #6
  • Edited 7:07am Sep 22, 2017 6:31am | Edited 7:07am
Quoting Jagg
Can you describe a litle bit what/how Bull/Bear forces are calculated/messured?
Indicator utilises custom Bulls/Bears force calculation.
Quoting Saygin-TR
Is this back or re painting when new candle(s) closed ? Thanks
It is not repainting. You may test it in MT4 strategy tester.
Quoting T4Trade
i tried this indicator,the lines don't cross on 1000 period setting ,its not working for me,i tried several period settings, lets see if u change time frame etc
May be you have no enough hystory bars. What errors or messages do you see in experts tab?
Is there anybody else having similar issue?
BR, alex
  • #7
  • Sep 22, 2017 8:32am Sep 22, 2017 8:32am
nice to hold the position...
Success is a Journey Not a Destination....... kind regards ramzam
  • #8
  • Sep 23, 2017 1:06am Sep 23, 2017 1:06am
Quoting VEEFX
{quote} How do I test this indi with my custom EA? Can you share the source code please?
You may use iCustom() function to obtain two indicator buffers. Their values are displayed in Data Window.
Sorry mate but I will not share source code and calculating method just now, maybe later on.
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BR, alex
  • #9
  • Sep 23, 2017 1:50am Sep 23, 2017 1:50am
Quoting VEEFX
{quote} fair enough. Can you include 3 new inputs 1) Pair 2) timeframe 3) shift ? my EA is multipair multi timeframe. All functions require pair, TF and shift as input to feed into my backtest script. EDIT: Never mind. I got it. Thanks for sharing. As someone said earlier, it's good for exits instead of entries... primarily for swing/position traders.
iCustom has all you need buddy.

  1. Pair (Symbol)
  2. Timeframe
  3. Shift

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BR, alex
  • #10
  • Sep 23, 2017 2:45am Sep 23, 2017 2:45am
Quoting VEEFX
{quote} yep. I have never used any indicators (via iCustom or otherwise). Is this fully tested and used in live trading?
iCustom() is a standard function provided by the MQL programming language and is used by millions of EAs and indicators since MT exist ... So yes it is fully tested and it works perfectly.

I may have misunderstood your question though ... If so, discard my comment above!
MT4/MT5 EAs/Indicators/Alerts coder
  • #11
  • Sep 23, 2017 3:04am Sep 23, 2017 3:04am
Quoting sevan62
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....
Hello Sevan. Thanks for sharing your work. For those interested in just the crosses(Bull/Bear), Is it possible to have a histogram version like in the indicator shown below? Thanks for your time.
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  • #12
  • Sep 23, 2017 4:25am Sep 23, 2017 4:25am
Quoting LITEchild
{quote} Hello Sevan. Thanks for sharing your work. For those interested in just the crosses(Bull/Bear), Is it possible to have a histogram version like in the indicator shown below? Thanks for your time. {image}
Hi LITEchild,
For you specially my friend.
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Attached File(s)
File Type: ex4 BBDA_hist.ex4   13 KB | 2,227 downloads
BR, alex
  • #13
  • Sep 23, 2017 5:59am Sep 23, 2017 5:59am
Quoting sevan62
{quote} Hi LITEchild, For you specially my friend. {image} {file}
Awesome. Thank you buddy. Very much appreciated.
  • #14
  • Sep 23, 2017 12:52pm Sep 23, 2017 12:52pm
hi.
what is math behind this indi?
similar to bulls power or other ?
  • #15
  • Oct 25, 2017 3:34pm Oct 25, 2017 3:34pm
Hi Stevan,

This is interesting work, but I think you might be able to take it further. Look at price when the bulls and bears are getting further apart and closer together, depending on the dominant trend it is a powerful picture. Also when the gap between them stays roughly the same you have unsurprisingly a pretty flat market. I think if you plotted this around a zero line with a histogram depicting the distance between the two lines, you’d have something a bit faster and able to track movement and non-movement of price.
  • #16
  • Last Post: Mar 29, 2020 7:43pm Mar 29, 2020 7:43pm
Quoting sevan62
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....
wow, this is a great indicator, can you please make this available for mt5 platform users too?
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