OPEN-SOURCE SCRIPT
Bull Bear Power [SpeedBot]
The Bull Bear Power [SpeedBot] indicator is designed to provide a clear and dynamic view of market momentum, helping traders identify potential bullish and bearish market states. By leveraging smoothed ranges derived from price movements and ATR (Average True Range), this indicator overlays adaptive upper and lower boundaries directly on the price chart, offering intuitive and actionable insights.
Features:
Dynamic Bull/Bear States:
Identifies whether the market is bullish or bearish based on price action and the smoothed Bull/Bear Power ranges.
Overlaid Visualization:
Upper (Bullish) and Lower (Bearish) boundaries are displayed directly on the price chart for seamless integration with candlestick data.
Color-Coded Ranges:
Green lines signify a bullish market state, while red lines represent bearish conditions, providing quick visual interpretation.
ATR-Driven Levels:
Uses ATR (Average True Range) to create adaptive levels that respond to market volatility, ensuring relevance across different market conditions.
Customizable Settings:
Adjustable smoothing period and length to fit individual trading styles and timeframes.
Alerts:
Alerts notify traders when the market transitions between bullish and bearish states, enabling timely decision-making.
How to Use:
Bullish State:
When the price crosses above the upper smoothed range (green line), it indicates potential bullish momentum. Use this as a signal to consider long positions or confirm an uptrend.
Bearish State:
When the price crosses below the lower smoothed range (red line), it suggests bearish momentum. Use this as a signal to consider short positions or confirm a downtrend.
Dynamic Volatility Adjustment:
The indicator automatically adjusts to market conditions using ATR, making it suitable for trending and volatile environments.
Ideal For:
Swing traders looking for clear trend direction.
Scalpers who want quick insights into market bias.
Traders seeking an adaptive indicator that integrates momentum and volatility analysis.
This indicator combines simplicity, adaptability, and precision to help you stay ahead of the market. Add Bull Bear Power [SpeedBot] to your trading arsenal today!
Features:
Dynamic Bull/Bear States:
Identifies whether the market is bullish or bearish based on price action and the smoothed Bull/Bear Power ranges.
Overlaid Visualization:
Upper (Bullish) and Lower (Bearish) boundaries are displayed directly on the price chart for seamless integration with candlestick data.
Color-Coded Ranges:
Green lines signify a bullish market state, while red lines represent bearish conditions, providing quick visual interpretation.
ATR-Driven Levels:
Uses ATR (Average True Range) to create adaptive levels that respond to market volatility, ensuring relevance across different market conditions.
Customizable Settings:
Adjustable smoothing period and length to fit individual trading styles and timeframes.
Alerts:
Alerts notify traders when the market transitions between bullish and bearish states, enabling timely decision-making.
How to Use:
Bullish State:
When the price crosses above the upper smoothed range (green line), it indicates potential bullish momentum. Use this as a signal to consider long positions or confirm an uptrend.
Bearish State:
When the price crosses below the lower smoothed range (red line), it suggests bearish momentum. Use this as a signal to consider short positions or confirm a downtrend.
Dynamic Volatility Adjustment:
The indicator automatically adjusts to market conditions using ATR, making it suitable for trending and volatile environments.
Ideal For:
Swing traders looking for clear trend direction.
Scalpers who want quick insights into market bias.
Traders seeking an adaptive indicator that integrates momentum and volatility analysis.
This indicator combines simplicity, adaptability, and precision to help you stay ahead of the market. Add Bull Bear Power [SpeedBot] to your trading arsenal today!
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.