i_Trend Indicator Combines Bollinger Bands and Bulls/Bears Power
Summary
The document explains the construction of the i_Trend indicator. Its green line represents the difference between a selected price and a chosen line of the Bollinger Bands. Its red line is formed from the combined Bulls Power and Bears Power values, multiplied by negative one. The indicator is therefore a composite display built from a band-relative price measure and two measures of buying and selling pressure.
The listed parameters let users select the price input, Bollinger Band period, shift, deviation, price basis, and band line, as well as the period used for Bulls and Bears Power. The article provides no entry or exit rules, interpretation thresholds, chart examples, or performance tests. It explains how the plotted components are calculated, but does not establish that combining them produces a reliable trading signal. Users would need to define and test any trading rules that use the indicator.
Key ideas
- The green component measures price relative to a selected Bollinger Band line.
- The red component combines Bulls Power and Bears Power values and reverses their sign.
- Inputs control the price source, Bollinger Band settings, selected band line, and power-indicator period.
- The explanation does not provide trading rules or 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.