Total Power Indicator

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Total Power Indicator

Postby Alexander.Gettinger » Tue May 08, 2012 5:02 pm

Original indicator: viewtopic.php?f=17&t=6307&p=31219
Total Power Indicator or Improving Elder Ray Indicator


Power = Abs (BearCount - BullCount)*100 / Lookback Period;
BearPower = BearCount*100/ Lookback Period;
BullPower = BullCount*100/Lookback Period ;

The components of this indicator we get, if we count the Elder Ray Indicator components Within the Lookback Period.

But only if Elder Ray Bull is greater than 0,
and Elder Ray Bear is less than 0


Total_Power.PNG


Download:
Total_Power.mq4
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Alexander.Gettinger
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Re: Total Power Indicator

Postby Apprentice » Fri Jan 20, 2017 5:38 am

Indicator was revised and updated.
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