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MetaTrader 5 Indicator | Bears_Bulls_Impuls

Indicator Bears Bulls Impuls displays in a separate window a pulse graph showing the market switches from bullish to bearish, and vice versa.

It has two configurable parameters:

  • Period - calculation period
  • Applied price - calculation price

Calculations:

  • If (BullIndex + BearIndex) > 0
    Bulls = 1  Bears = -1  
  • If (BullIndex + BearIndex) < 0
    Bulls = -1  Bears = 1  
where

BullIndex = High - EMA(Applied price, Period) BearIndex = Low - EMA(Applied price, Period)

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