PROTECTED SOURCE SCRIPT
RogTrader Bull Bear Strengths
Simplified Bull/Bear Strengths Indicator uses price action, volume flow, and candlesticks to calculate bull and bear strengths, also known as buying and selling pressures.
- Green/Red Volume Bars can be misleading at times
- This indicator shows the net bull/bear power
- Recommended to be used in combination with indicators to find reversal signals.
- For example, during an uptrend, a long red bar indicates that strong selloff has started, and bears begin to control the bargains.
Protected script
This script is published closed-source and you may privately use it freely.
Want to use this script on a chart?
Disclaimer
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.