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RogTrader Bull Bear Strengths

Simplified Bull/Bear Strengths Indicator uses price action, volume flow, and candlesticks to calculate bull and bear strengths, also known as buying and selling pressures.

Green/Red Volume Bars can be misleading at times
This indicator shows the net bull/bear power
Recommended to be used in combination with indicators to find reversal signals.
For example, during an uptrend, a long red bar indicates that strong selloff has started, and bears begin to control the bargains.