VAMarketPower

Indicator of market strength. Visually displays the market sentiment i.e. whether bulls or bears prevail at present. This indicator is recommended to be used as confirming the chosen direction of the transaction together with other indicators. Strength of bulls is shown in the form of the histogram located above the zero line of the indicator. Strength of bears is shown in the form of the histogram below the zero line of the indicator. By default strength of bulls is highlighted in the blue color, and strength of bears - red.

Parameters

• Indicator Period - the period setting the number of bars used in the calculation of the indicator values.