BullsBears - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources

Zaslan and Ivan

Trend indicator in the form of a colored cloud, using trading volume in its calculation. Clouds correspond to current market trends.

Red represents a bearish market and green represents a bullish market. The idea is to reveal the first market impulse and estimate its duration.

The indicator was first implemented in MQL4 and published in the code base on May 21, 2012 (in Russian).

The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of these classes is described in detail in the article " Averaging price series for intermediate calculations without using additional buffers ".

Attachment download

📎 bullsbears.mq5 (6.59 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #969