Author
ScriptorPublished date
Jul 13, 2018
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:
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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