The bull-bear index indicator is a price-volume oscillator that calculates the bullish/bearish sentiment of the market by measuring buying/selling pressure. The indicator alternates between bullish and bearish bias with the height of the bars representing the strength of the markets bullish/bearish sentiment
When the market is bullish the bull-bear index indicator displays green bars and when the market is bearish the indicator displays red bars. The stronger the bullish/bearish sentiment the longer the bars.
This indicator is helpful at identifying when trends are becoming exhausted and markets may reverse or trade sideways. The Bull-Bear Index indicator is particularly useful in identifying divergence trading opportunities.
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Screenshots
The MSFT chart below contains the bull-bear index indicator. The indicator displays green bars above the zero line to indicate bullish sentiment, while below the zero line the indicator displays red bars for bearish sentiment.
The bull-bear index indicator can also be set to switch between bullish/bearish sentiment as the bull-bear index crosses above/below the incorporated exponential moving average (EMA). As the Bull-Bear Index indicator crosses above the EMA it changes color to green to indicate bullish sentiment and below the EMA the indicator displays in red for bearish sentiment.
Additional Information
The bull-bear index indicator includes settings to adjust the sensitivity of the indicator.
The indicator provides two ways of detecting and displaying bullish/bearish sentiment.
When applied to a RadarScreen the bull-bear index indicator displays the index strength in the corresponding bullish/bearish color.
The bull-bear index indicator applied to a RadarScreen.
Standard Indicator Features
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100% Money Back Guarantee These TradeStation compatible indicators come with a 30 day money back guarantee. During the first 30 days after purchasing these indicators you can use and evaluate these indicators as much as you like. If after purchasing these indicators you decide they are not right for you just let us know within 30 days for a full refund. |
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