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MetaTrader 5 Indicator | Power

RobotFX 26.7.25 0

Oscillator Power displays the power of bulls and bears, as well as their ratio.

It has two configurable parameters:

Period - calculation period
Range - calculation range

Calculations:

  Power = 100 * (BullPower - BearPower)

where:

  BullPower = SMA(Bulls, Range)  BearPower = SMA(Bears, Range)

If High > EMA
```
Bulls = 1
```
Otherwise
```
Bulls = 0
```

If Low < EMA
```
Bears = 1
```
Otherwise
```
Bears = 0
```

EMA = EMA(Close, Period)

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