Trade Stock Indices

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Bulls Power MT4 Stock Indexes Indicator and Bulls Power Indices Trading Signals

Developed by Alexander Elder


Bulls Power is used to estimate power of the Bulls (Buyers). Bulls Power estimates the balance of power between the bulls and bears.


This MT4 Indices Indicator aims at identifying if a bullish indices trend will continue or if the stock indexes price has reached a point where it might reverse.


Calculation

A Indices Price bar has 4 parameters: the Opening, Closing, High and Low of the stock indexes price bar.


Each Indices Price bar either closes higher or lower than the previous stock indexes price bar.


The highest stock indexes price will indicate the maximum power of the Bulls within a indices price period.


The lowest stock indexes price will indicate the maximum power of the Bears within a indices price period.



This MT4 Indices Indicator uses the High of the stock indexes price and a Moving Average (Exponential)


The moving Average represents the middle ground between sellers and buyers for a certain stock indexes price period.


Therefore:


Bulls Power = High Indices Price - Exponential Moving Average

Bulls Power MT4 Stock Indexes Indicator

Bulls Power



MT4 Indices Technical Indicator and Generating Indices Trading Signals


Buy Indices Trading Signal

A buy stock indices signal is generated when the Bulls Power MT4 Indices Indicator moves above Zero.

In an up indices trend, the HIGH is higher than EMA, so the Bulls Power is above zero and Histogram/MT4 Indices Indicator is located above zero line.


Bulls Power MT4 Stock Indexes Indicator Buy Signal



Exit Signal

If the HIGH falls under EMA then it means that stock indexes price are starting to fall, the Bulls Power histogram fall below the zero line.

Bulls Power MT4 Stock Indexes Indicator Exit Signal Generated


The Triple Screen method for this MT4 Indices Indicator suggests identifying the stock indexes price indices trend on a higher chart interval (like daily time frame) and applying the bulls power on a lower chart interval (like hourly time frame). Signals are traded according to the MT4 Indices Indicator but only in the direction of the long term indices trend in the higher time frame.

 

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