Comparing BullsBearsEyes Oscillator States Across Ten Timeframes

Summary

The MultiBullsBearsEyesTrend indicator presents the BullsBearsEyes oscillator state across ten timeframes at once. Each line represents one timeframe’s indicator reading, giving the user a compact way to compare whether oscillator conditions are aligned or differ across horizons.

Line colors encode the reading relative to its thresholds: pink when below the oversold level, light blue when above the overbought level, and gray otherwise. A dot marks a change in the bar for the corresponding timeframe, helping identify when that timeframe has updated. The indicator therefore visualizes threshold states and timing across multiple timeframes rather than defining a standalone entry or exit rule. The document gives no backtest, predictive evidence, or instructions for choosing thresholds; it also requires the separate BullsBearsEyes indicator file to operate.

Key ideas

• The indicator displays BullsBearsEyes oscillator readings from ten timeframes in parallel.
• Each timeframe has its own line, colored according to whether its oscillator is below, above, or between threshold levels.
• Dots indicate when the corresponding timeframe’s bar changes.
• The display supports cross-timeframe comparison but does not specify a complete trading strategy.
• No performance evidence or threshold selection guidance is provided.

Tags

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