Bear Bull Balance Indicator

Bear Bull Balance Indicator

Bear Bull Balance Indicator For MT4 helps forex traders gauge the strength of bulls and bears and provides bullish and bearish forex trading signals.

The Bear Bull Balance indicator for MT4 uses the crossover of the bears power and bulls power to provide bullish and bearish forex trading signals. It reflects this information visually as a histogram and enables effective technical analysis. The indicator is based on the idea to buy when the bulls are strong and sell if the bears are winning. So, it provides reliable trading signals.

The indicator is easy to interpret and is suitable for new and advanced forex traders. Moreover, it works on all intraday chart time frames and the daily, weekly and monthly charts. So, it is effective for trading strategies based on scalping, short and long-term. Traders can use this indicator to formulate auto trading strategies effectively.

Bear Bull Balance Indicator For MT4 Trading Signals

The indicator plots a blue line to indicate bulls power and a red one for bears power. Additionally, the gray histogram bars indicate a bullish trend and the red bars indicate that the bears are in control. In effect if the blue line crosses over the red line and moves upwards indicating a bullish market the histogram bar turns gray. Oppositely, in a bearish downward crossover the histogram bars turns red.

The best trading strategy is to enter and exit the markets based on the histogram bar color change. If the bars turn gray traders should enter a buy trade with a stop below the previous swing low and book profits at an opposite signal. Similarly, if the histogram turns red traders can open a sell position.

Conclusion
In summary, the Bear Bull Balance indicator for MT4 is an effective trading tool for forex traders to gauge the strength of market participants.