Bears Bulls Power Histograms

This indicator works on any financial instruments and time periods.

The indicator contains only one parameter: nBars - number of bars for histogram's value calculation.

If a Green pole rises from a Red pole above the zero line then a Long position may be opened.

If a Red pole rises from a Green pole under the zero line then a Short position may be opened.

The height of the each pole represents the Power of an Up/Down movement.

The transition from Red to Green (and vice versa) shows change of trend!

Input Parameters:

• nBars - number of bars for histogram's value calculation.

nclick="viewGallery_GalleryManager.GoToPrev();"> nclick="viewGallery_GalleryManager.GoToPrev();">

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,7);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,8);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,9);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,10);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,11);" />

ta itemprop="image" content="https://c.mql5.com/31/204/bears-bulls-power-histograms-screen-1498.png" />

nclick="viewGallery_GalleryManager.GoTonext();"> nclick="viewGallery_GalleryManager.GoTonext();">