Bull and Bear Balance Indicator
For interpretation refer to the October 2003 issue of Technical Analysis of STOCKS & COMMODITIES magazine.
var
r1:=iff(C\1\ < O, Max(O - C\1\, H - L), H - L);
r2:=iff(C\1\ > O, Max(C\1\ - O, H - L), H - L);
bull:=iff(C = O, iff(H - C = C - L, iff(C\1\ > O, Max(H - O, C - L), r1), iff(H - C >C - L, iff(C\1\ < O, Max(H - C\1\, C - L), H - O), r1)), iff(C < O, iff(C\1\ < O, Max(H - C\1\, C - L), Max(H - O, C - L)), r1));
bear:=iff(C = O, iff(H - C = C - L, iff(C\1\ < O, Max(O - L, H - C), r2), iff(H - C > C - L, r2, iff(C\1\ >O, Max(C\1\ - L, H - C), O - L))), iff(C < O, r2, iff(C\1\ > O, Max(C\1\ - L, H - C), Max(O - L, H - C))));
end_var
return Mov(bull - bear, 30, S);
|
Download to import into Tradecision. 
How to use this indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
|
|
| |
| Sep 2007 |
|
| Aug 2007 |
|
| Jul 2007 |
|
| Jun 2007 |
|
| May 2007 |
|
| Apr 2007 |
|
| Mar 2007 |
|
| Feb 2007 |
|
| Jan 2007 |
|
| Dec 2006 |
|
| Nov 2006 |
|
| Oct 2006 |
|
| Sep 2006 |
|
| Aug 2006 |
|
| Jul 2006 |
|
| Jun 2006 |
|
| May 2006 |
|
| Apr 2006 |
|
| Mar 2006 |
|
| Feb 2006 |
|
| Jan 2006 |
|
| Mar 2005 |
|
| Mar 2005 |
|
| Feb 2005 |
|
| Feb 2005 |
|
| Dec 2004 |
|
| Nov 2004 |
|
| May 2004 |
|
| Dec 2003 |
|
| Oct 2003 |
|
| Jul 2003 |
|
| Apr 2003 |
|
| Mar 2003 |
|
| Mar 2003 |
|
| Feb 2003 |
|
| Jun 2001 |
|
| Jun 2001 |
|
| Jun 2001 |
|
| Jun 2001 |
|
| Jun 2001 |
|
| Apr 2001 |
|
| Feb 2001 |
|
| Aug 2000 |
|
| Aug 2000 |
|
| Feb 2000 |
|
| Jan 2000 |
|
| Sep 1999 |
|
| Sep 1999 |
|
|
|