A Smoothed Indicator for Bulls’ and Bears’ Strength

Summary

This brief entry describes a technical indicator intended to display the relative power of bullish and bearish market forces. It identifies the indicator as an MQL4-origin work later associated with a MetaTrader 5 implementation, and notes that the implementation relies on classes from a smoothing-algorithms library. Those classes must be available in the platform’s include directory for the indicator to work.

The entry provides no formula for the bull and bear measurements, no explanation of how the smoothing is applied, and no trading rules for interpreting the output. It also includes no chart evidence, backtest, or performance results. The material is therefore useful mainly as a high-level description of the indicator’s purpose and implementation dependency, rather than as a reproducible strategy or an evaluation of whether the signal has predictive value.

Key ideas

• The indicator is designed to show the strength of bullish and bearish forces.
• Its implementation uses classes from a smoothing-algorithms library.
• The entry gives no calculation formula or rules for converting the indicator into trades.
• No empirical performance evidence is provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.