Summary of "🐻 🐮 Bears Bulls Impulse Indicator for MetaTrader 4/5 – Free – [TradingFinder]"

Bears Bulls Impulse Indicator for MetaTrader 4/5

Indicator Overview

The Bears Bulls Impulse Indicator is a free technical analysis tool available for MetaTrader 4 and MetaTrader 5 platforms. It can be downloaded from the TradingFinder website.

This indicator helps traders identify buying and selling pressure through an oscillator displayed at the bottom of the price chart. It uses an internal moving average crossover system to signal shifts in market momentum.

Key Functionalities

Buy Signal: Occurs when the green line and the oscillator cross above the red line, indicating increasing buying pressure. This signal typically aligns with an uptrend characterized by higher highs and higher lows.
Sell Signal: Occurs when the red line crosses above the green line and moves upward, indicating selling pressure during a downtrend characterized by lower highs and lower lows.

These crossover signals assist traders in entering positions aligned with the prevailing market trend.

Customization and Settings

Calculation Period Length: Adjusts the moving average period.
- Higher values smooth out price swings, reducing the number of signals and favoring longer-term trends.
- Lower values increase sensitivity, producing more frequent but shorter-term signals.
Moving Average Type: Users can select from four types:
- Simple Moving Average (SMA)
- Exponential Moving Average (EMA)
- Smoothed Moving Average
- Linear Weighted Moving Average
Price Basis for Calculation: Options include Close, Open, High, Low, Median, Typical, and Weighted prices, allowing traders to tailor the indicator to their preferred price data.

Trading Strategy Implications

The indicator is designed to help traders align trades with the main market trend, improving entry timing based on momentum shifts. It supports both short-term and longer-term trading styles depending on the parameter settings.

Disclaimers

No explicit financial advice or guarantees of performance are provided. Users are encouraged to test and adjust settings to fit their individual trading preferences.

Additional Information

Assets/Sectors/Markets Mentioned: No specific tickers, sectors, or asset classes are mentioned; the indicator is broadly applicable across markets available in MetaTrader platforms.

Presenters/Sources: The tutorial is presented by TradingFinder, the developer and distributor of the Bears Bulls Impulse Indicator.