everget

Total Power Indicator

Hello traders!

This indicator was originally developed by Daniel Fernandez (Currency Trader magazine, 2011).

It is based on the two well-known indicators by Dr . Alexander Elder - Bulls Power and Bears Power.

Signals
1) Long when Bull and Total lines indicate 100 (it happens rarely)
2) Short when Bear and Total lines indicate 100 (it happens rarely)
3) Bull and Bear lines crossovers
4) Long when Bull line crosses Total line from below
5) Short when Bear line crosses Total line from below
6) Long/Short when Bull/Bear lines cross adjustable level.

Like and follow for more open source indicators!

Happy Trading!
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If you find my open-source work useful, please consider a donation
PayPal: alex.everget161@gmail.com
really good one!
+1 Reply
everget AlexMayorov
@AlexMayorov, thank you, my dear Alex)
Reply
Can you add signals?
Reply
everget dpanday
@dpanday, Yes, I can. But I will not do that. I did enough for free.
Reply
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