MetaTrader 5 ‣ MT5 Indicators ‣ Bears_Bulls_Impuls – indicator MetaTrader 5
Bears_Bulls_Impuls - indicator for MetaTrader 5

Bears_Bulls_Impuls – indicator MetaTrader 5

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Indicator Bears Bulls Impuls displays in a separate window a pulse graph showing the market switches from bullish to bearish, and vice versa.

It has two configurable parameters:

  • Period – calculation period
  • Applied price – calculation price

Calculations:

  • If (BullIndex + BearIndex) > 0
    Bulls = 1
Bears = -1
  • If (BullIndex + BearIndex) < 0
    Bulls = -1
Bears = 1
where 
BullIndex = High - EMA(Applied price, Period)
BearIndex = Low - EMA(Applied price, Period)


Bears_Bulls_Impuls – indicator MetaTrader 5
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