BvsB Trend Indicator: Cloud Color Changes and Trend Convergence
Summary
BvsB is described as a trend-following indicator displayed as a colored cloud. Its suggested entry cue is a change in cloud color, while the lines moving steadily toward one another are said to signal that the existing trend is weakening. The underlying construction combines bull power and bear power indicators, with one component inverted.
The document is primarily a description of an indicator rather than a complete trading system. It does not specify entry confirmation, exit rules, position sizing, or a market and timeframe where the signals were evaluated. It provides no backtest or performance evidence, so the stated cues should be treated as an interpretation of the indicator, not as validated profitable rules. The implementation depends on classes from an external smoothing library, and the text notes that the indicator was originally written in MQL4 before being published in a code base.
Key ideas
- BvsB presents trend information as a colored cloud.
- A change in cloud color is suggested as a possible entry signal.
- Converging indicator lines are interpreted as a sign of fading trend strength.
- The indicator combines bull and bear power measures, with one inverted.
- The description supplies no performance evidence or complete exit and risk rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.