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KT Bulls Bears MT5

This indicator shows the bullish/bearish market regime using the no. of bars moved above and below the overbought/oversold region of RSI. The green histogram depicts the Bull power, while the red depicts the Bear power.

Features

  • It can be used to enter new trades or validates trades from other strategies or indicators.
  • It comes with a multi-timeframe scanner that scans the bulls/bears power across all the time frames.
  • It's a perfect choice to boost the confidence of new traders via validating their entries using the bulls/bears power.
  • All Metatrader alerts included.

Input Parameters

  • Period: the RSI period used to identify the OBOS levels.
  • Bar Period: No. of bars to include above/below the RSI OBOS levels.
  • Oversold Level: A level in RSI to decide the OS level. 
  • Overbought Level: A level in RSI to decide the OB level. 
  • MTF Scanner: Multi-Timeframe scanner to fetch the signals from all available time-frames. 
  • Alert Settings
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