Oscillator Bull And Bear Balance displays the balance of bulls and bears.
It has four configurable parameters:
- Period - calculation period;
- Method - calculation method;
- Smoothing period - smoothing period;
- Smoothing method - smoothing method.
Calculation:
BBB = MA(MA_Bull - MA_Bear, Smoothing method, Smoothing period)
where:
MA_Bull = MA(Bull_Power, Method, Period), MA_Bear = MA(Bear_Power, Method, Period), MA(Source, Method, Period) - the moving average with the Method calculation method and the Period calculation period Bull_Power, Bear_Power - bull power and bear power
