Bulls and Bears Indicator For Mt4 Vs Trading View Indicator
The bulls and bears indicator is widely used in Meta Trader 4 (MT4). It helps us to identify the next possible movement in the market. In this article, I will highlight the bull vs bear indicator for Mt4 and share a better indicator that you can use on trading view for free.
How does the Indicator work?
The main role of the bulls vs bear indicator is used to identify the power and power of the bulls and bears. It helps traders to understand which side is more dominating. You can use this bulls and bears indicator for mt4 in combination with the exponential moving average and Bollinger bands. Especially 200 EMA helps a lot to make better trading decisions.
Green Line: This is very simple because the green line shows the sellers in the trading market. When the green line goes above the red one it’s a sell signal. In that case a trader should find best selling entry in the market.
Red Line: The red line on the bulls vs bear indicator represents buyers in the market. When the red line goes above the green one then a trader should look for buying opportunities.
Bear Bull Power Trend Trading View Indicator (Deardblitz)
I am going to give you the most powerful bull vs bear indicator better than mt4 and it’s free. For the Mt4 indicator just google bull vs bear indicator and you can download the same indicator for free from many websites. For trading view indicator you need to go on trading view.com. Then you need to search bull and bear in the indicator database as shown in the above image and choose the one that is written by author Dreadblitz. The indicator name is bull bear power trend on trading view.
This indicator gives you a great analysis of the trend direction. In this indicator bulls and bears work in a unique way. If you look at the green line it always moves above 0 level and the bear line moves below 0 level.
BUY SIGNAL:
When the bull green lines move above the +2 level then it shows that buyers are more strong and bullish momentum can be seen.
SELL SIGNAL:
On the other hand when bear lines move below the -2 level then it’s a bearish signal and sell confirmation. Moreover, this indicator also show signals in the form of histogram which makes it easy to understand.
CONCLUSION:
I have deeply checked the bulls and bears indicator for mt4 but found the trading view indicator to be more powerful and easy to interpret the signals. This indicator can give you high-quality scalping and day trading signals.
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