Bulls Bear Power Indicator

Bulls Bear Power Indicator

Forex momentum strategy from the best Bulls Bear Power Indicator for MT4. Identify the trend’s momentum through bulls and bear power.

The Bulls Bear Power Indicator is a simple MT4 indicator that shows the direction of the trend.

The indicator plots bars and works like any other momentum oscillator. It looks similar to the MACD (Moving Average Convergence Divergence). Once the bars go above the zero line of the indicator illustrates the direction of the trend.

The indicator tells the tussle between the bulls and the bears, so you can get a better idea of the overall trend.

This indicator works on any timeframe, but it’s better to set it on longer timeframes to reduce market noise.

How to use the Bulls Bear Power Indicator for MT4?

The above H4 EUR/USD chart shows the Bulls Bear Power Indicator on the chart.

To determine BUY or SELL signals, you have to look at the zero line. If the bars start to move above the zero line, it means the bulls are winning the battle. So, you can take long positions here and exit short ones.

Conversely, if the bars start to drift below the zero line, it means bears are winning, and you can take short positions or exit long ones.

Conclusion
The Bulls Bear Power Indicator identifies trend strength by working as a momentum oscillator. It shows whether bulls or bears are winning the battle, and you can take your positions accordingly.

If you want, you can download the indicator for free on our website.