BvsB – indicator MetaTrader 5

BvsB - indicator for MetaTrader 5
The indicator is developed for trading by trend. Position is opened at the intersection of the lines. Steady convergence of the lines indicates a fading trend. The indicator joins Bears and Bulls Power indicators with one of them being turned upside down. Reference MA parameters can be changed. MQL4 version (in Russian): BvsB – indicator … Read more

BvsB – indicator MetaTrader 5

Figure 1. The BvsB indicator
Real author: BECEMAL An indicator for trend following trading implemented in the form of a colored cloud. Open a position when the color changes. Monotonic convergence of the lines indicates the fading trend. This indicator is actually a combination of the bull and bear power indicators, one of which is upside down. The indicator uses … Read more