This new indicator analyzes the balance between bullish and bearish sentiment.
One can cay that it is an improved analogue of Elder Ray indicator.
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
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@tsendtrades, If simple language, we have a lot of condition in which the registration of the market move up or move down. Then take the difference between up and down and see who is the winner. If the value is greater than zero, the winners of the bulls. If the value is less than zero, then winners of the bears.