Bears and Bulls Pulse Indicator Using High, Low, and an EMA

Summary

This indicator is described as a separate-window pulse display that marks bullish or bearish market states. It takes a calculation period and an applied price as inputs. The calculation compares the bar high and low with an exponential moving average of the selected price, producing a bull index and a bear index; the sign of their sum determines whether the displayed bull and bear values are positive or negative.

The document provides the core calculation and the two resulting sign assignments, but no chart examples, trading rules, backtest, or evidence that the signal predicts subsequent price movement. It also leaves unspecified what the indicator should display when the sum equals zero and how users should choose the period or applied price. The pulse can therefore be read as a simple directional classification derived from price relative to an EMA, with its practical value and edge cases requiring independent evaluation.

Key ideas

• The indicator compares bar highs and lows with an EMA of a configurable applied price.
• The sum of the bull and bear indices determines which side receives the positive signal.
• The display is intended to show switches between bullish and bearish states.
• No entry, exit, or risk rules and no performance evidence are provided.
• The behavior when the index sum is exactly zero is not specified.

Tags

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