OPEN-SOURCE SCRIPT
Atualizado JS Bull/Bear Power
I created this Indicator for all chart lovers.
This Indicator measures the wick parts of candles and sum it up. Wick part of candle is a sign of strength that's why it measures the 60 bars of candles wick. then sum it up and converted it in percentage. The output is indicated in the last 10 candles. that's how simple this indicator is but very useful to analyze the strength of every candles.
The upper numbers is the bear power.
The lower numbers is the bull power.
Happy Trading
This Indicator measures the wick parts of candles and sum it up. Wick part of candle is a sign of strength that's why it measures the 60 bars of candles wick. then sum it up and converted it in percentage. The output is indicated in the last 10 candles. that's how simple this indicator is but very useful to analyze the strength of every candles.
The upper numbers is the bear power.
The lower numbers is the bull power.
Happy Trading
Notas de Lançamento
In this version I remove the decimals in the output value of this indicator.Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.