Bears Bulls Impuls

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Bears Bulls Impuls

Postby Alexander.Gettinger » Sat Nov 24, 2018 12:08 pm

Indicator is based on the Elder-Rays Bulls & Bears Power indicators.

Formulas:
Bulls = 1 and Bears = -1, if BullIndex+BearIndex>0,
Bulls = -1 and Bears = 1, if BullIndex+BearIndex<0, where
BullIndex = High - EMA(Price),
BearIndex = Low - EMA(Price).

BearsBullsImpuls.PNG


Download:
BearsBullsImpuls_JS.jsl
(2.18 KiB) Downloaded 422 times
Alexander.Gettinger
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