ColorBulls: A Smoothed, Price-Selectable Bulls Power Histogram

Summary

The document describes ColorBulls, a chart indicator based on the Bulls Power measure. It presents the result as a colored histogram and allows the user to choose which price series—open, close, high, or low—feeds the calculation. The resulting indicator is smoothed, adding an averaging step to its display or signal series.

The material is a brief description of indicator behavior rather than a trading system. It provides no formula, parameter guidance, chart evidence, performance tests, or rules for interpreting histogram colors, so it does not establish whether the indicator predicts returns or how it should be traded. It also notes that the implementation depends on a supporting averaging library for a particular trading platform; reproducing it elsewhere would require knowing the smoothing method and settings. The document therefore conveys the indicator’s configurable inputs and output form, but leaves its analytical properties and practical limits largely unexamined.

Key ideas

• ColorBulls presents a Bulls Power indicator as a colored histogram.
• The calculation can use open, close, high, or low prices.
• The resulting indicator series is smoothed.
• The description does not specify the smoothing settings or provide trading 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.