Bears Bulls Impuls Indicator
MT4Also Available for MT5The Bears Bulls Impuls Indicator for MT4 displays the strength of the bulls and bears in the market.
Description
The Bears Bulls Impuls Indicator for MT4 is a momentum oscillator for assessing the strength between the activities of the bears and bulls in the financial market. Bulls are the buyers, while bears are the sellers in the market.
So, the indicator measures the strength of the current bullish momentum by evaluating the difference between the highest price and the value of the moving average. Similarly, the prevailing bearish momentum is measured by comparing the difference between the lowest price and the value of the moving average.
This information helps traders Find the balance between bullish and bearish momentum to determine the side with the driving force behind the price movement at a particular time. Signals from the bears and bulls analysis are displayed using green and red lines, which also double as buy and sell signals.
How to Trade with the Bears Bulls Impuls Indicator
The above image shows the bullish and bearish momentum identified by the Bears Bulls Impuls Indicator.
The green line depicts bull power, while the red line indicates bear power. The indicator can be used to find short-term trading opportunities based on momentum shifts in the market.
Buy and sell signals are generated when the green and red lines cross over. So, the green line (bull power) above the red line (bear power) indicates a strengthening bullish market sentiment, suggesting an opportunity to buy an instrument. Conversely, the green line below the red line indicates a strengthening bearish sentiment, suggesting an opportunity to sell an asset.
Therefore, traders may use other technical indicators/price action (bullish/bearish engulfing) to find an optimal trade entry zone.
Conclusion
The Bears Bulls Impuls Indicator for MT4 is a technical tool that provides insight into the bullish and bearish forces in the market for objective analysis and better trading decisions.
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