everget

Total Power Indicator

Hello traders!

This indicator was originally developed by Daniel Fernandez (Currency Trader magazine, 2011).

It is based on the two well-known indicators by Dr . Alexander Elder - Bulls Power and Bears Power.

Signals
1) Long when Bull and Total lines indicate 100 (it happens rarely)
2) Short when Bear and Total lines indicate 100 (it happens rarely)
3) Bull and Bear lines crossovers
4) Long when Bull line crosses Total line from below
5) Short when Bear line crosses Total line from below
6) Long/Short when Bull/Bear lines cross adjustable level.

Like and follow for more open source indicators!

Happy Trading!
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Thanks from Brazil
Responder
really good one!
+1 Responder
everget AlexMayorov
@AlexMayorov, thank you, my dear Alex)
Responder
Can you add signals?
Responder
everget dpanday
@dpanday, Yes, I can. But I will not do that. I did enough for free.
Responder
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