Shows the balance of power between bulls and bears.
Release Notes
- Code updated to Pinescript V5.0 - Added adjustable lookback - Added ATR period for baseline - Added weighted option for latest bars priority - Added show extremes option for historical high and lows
Release Notes
- Fixed avarage line not rendering correct with higher lookback count
This script is published closed-source and you may privately use it freely.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.