JS Bull/Bear Power
I created this Indicator for all chart lovers.
This Indicator measures the wick parts of candles and sum it up. Wick part of candle is a sign of strength that's why it measures the 60 bars of candles wick. then sum it up and converted it in percentage. The output is indicated in the last 10 candles. that's how simple this indicator is but very useful to analyze the strength of every candles.
The upper numbers is the bear power.
The lower numbers is the bull power.
Happy Trading
This Indicator measures the wick parts of candles and sum it up. Wick part of candle is a sign of strength that's why it measures the 60 bars of candles wick. then sum it up and converted it in percentage. The output is indicated in the last 10 candles. that's how simple this indicator is but very useful to analyze the strength of every candles.
The upper numbers is the bear power.
The lower numbers is the bull power.
Happy Trading
Sürüm Notları:
In this version I remove the decimals in the output value of this indicator.