RogTrader Bull Bear Strengths
Simplified Bull/Bear Strengths Indicator uses price action, volume flow, and candlesticks to calculate bull and bear strengths, also known as buying and selling pressures.
- Green/Red Volume Bars can be misleading at times
- This indicator shows the net bull/bear power
- Recommended to be used in combination with indicators to find reversal signals.
- For example, during an uptrend, a long red bar indicates that strong selloff has started, and bears begin to control the bargains.