BullsBears: A Volume-Based Trend Cloud Indicator

Summary

BullsBears is described as a trend indicator that uses volume in its calculations and displays the result as a colored cloud. Green denotes a bullish market state, while red denotes a bearish one. Its stated aim is to identify an initial market impulse and estimate how long that impulse may persist. The document notes that the indicator originated as an MQL4 implementation and that the MQL5 version relies on classes from an external smoothing library.

The description provides only a high-level account of the indicator’s interpretation and implementation dependencies. It does not specify the calculation formula, parameters, signal rules, example trades, or empirical results, so readers cannot assess how the cloud is constructed or whether it anticipates trends reliably. The color should be treated as the indicator’s classification, not independent confirmation of market direction. Anyone considering it for trading would need to inspect the implementation and test it across relevant markets and conditions.

Key ideas

• BullsBears displays a trend classification as a cloud whose colors represent bullish and bearish states.
• Volume is included in the indicator’s calculations.
• The stated purpose is to identify an initial market impulse and estimate its duration.
• The MQL5 implementation depends on classes from an external smoothing library.
• The document omits the formula, settings, and evidence of predictive performance.

Tags

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