Bullish/Bearish Phases
This indicator shows you bullish or bearish dominance during the specified period and is based on the volume calculations. Why? Volume acts as an excellent confirmation tool of the price movements and is used to determine if an instrument is gaining or losing momentum.
Bullish/Bearish Phases can be used to find out divergences with the price. It will work on ANY instrument that has available volume data.
NOTE: The blue circles appear on the local peaks.
I attached some screenshots to show you how it works with other instruments.
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- Changed styling
- Added smoothing with Jurik Moving Average
- Update
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact everget directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
A list of FREE indicators:
bit.ly/2S7EPuN
A list of PAID indicators:
bit.ly/33MA81f
Earn $15:
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Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact everget directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
A list of FREE indicators:
bit.ly/2S7EPuN
A list of PAID indicators:
bit.ly/33MA81f
Earn $15:
tradingview.com/pricing/?share_your_love=everget