Hi
Let me introduce my Bear Power Indicator script.
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
Let me introduce my Bear Power Indicator script.
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
////////////////////////////////////////////////////////////
// Copyright by HPotter v1.0 14/04/2014
// Bear Power Indicator
// To get more information please see "Bull And Bear Balance Indicator"
// by Vadim Gimelfarb.
////////////////////////////////////////////////////////////
study(title = "Bear Power Indicator")
value = iff (close < open , //then
iff (close[1] > open , max(close - open, high - low), high - low), // else
iff (close > open, //then
iff(close[1] > open, max(close[1] - low, high - close), max(open - low, high - close)), //else
iff(high - close > close - low, //then
iff (close[1] > open, max(close[1] - open, high - low), high - low), //else
iff (high - close < close - low, //then
iff(close > open, max(close - low, high - close),open - low), //else
iff (close > open, max(close[1] - open, high - close),//else
iff(close[1] < open, max(open - low, high - close), high - low))))))
plot(value, style=line, linewidth=2, color=red)
