Bears_Bulls_Impuls – indicator for MetaTrader 5

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
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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)

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