Bull and Bear Balance Oscillator with Moving Average Smoothing

Summary

The document describes an oscillator intended to show the balance between bullish and bearish price pressure. It defines separate bull-power and bear-power inputs, applies a moving average to each, and says the calculation uses configurable periods and averaging methods. A second configurable period and method control smoothing, though the excerpt does not provide the final formula or explain how the two averaged values are combined into the displayed balance.

The material is an indicator description rather than a trading system: it gives no entry or exit rules, market examples, performance evidence, or guidance on interpreting signals. Its usefulness is therefore limited to the broad construction and available settings. Traders would need the full indicator definition and independent testing to assess how it behaves across instruments and market conditions.

Key ideas

• The oscillator is intended to represent the balance between bullish and bearish power.
• It calculates moving averages of bull power and bear power using configurable methods and periods.
• A separate smoothing period and method are available.
• The excerpt omits the final balance formula and provides no signal rules or performance evidence.

Tags

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