Bulls vs Bears Indicator

Bulls vs Bears Indicator

Bulls vs Bears Indicator
MT4Also Available for MT5
5.00
(1)
672
Forex BUY and SELL signals from the best Bulls vs Bears Indicator. Find out the overbought and oversold levels.

The Bulls vs Bears Indicator is an MT4 indicator that mentions the bullish and bearish price action. Consequently, bulls are buyers. On the other hand, bears are sellers as a bearish market undergoes selling actions. Combining both, we get the Elder-Ray index.

The concept of the Indicator is that it shows the strength of the bulls and bears, which are buyers and sellers, respectively. It can also be used with other indicators and oscillators, such as Exponential Moving Averages (EMA), Bollinger Bands, etc.

Bulls vs Bears Indicator BUY/SELL signals

The above GBP/USD H4 chart shows the indicator on the chart. To determine BUY and SELL signals, traders need to look at the red and green lines. The Indicator is excellent for displaying buy and sell signals to highlight the most favorable trading opportunities.

As we can see from the chart above, there is a red line and a green line. The green line signifies bears and hence sellers. The red line is for bulls, i.e., buyers. A trader should consider selling when the green line is above the red one. Conversely, it is best to buy every time the red line goes above the green line.

Conclusion
The Bulls vs Bears Indicator has specific BUY and SELL signals, which are based on the colors green and red, shown on the market chart. Lastly, the Bulls vs Bears Indicator can be downloaded from our website.