Posts made by roar

@dragonfly617 The method doesn't work with that tick box, for some reason. You have to untick it.

@marcos-0 Yes, you are right. Something is wrong with the EA

@l-andorrà Yes, I don't have any problems whatsoever. Everything has always worked just as I expected, which makes me wonder why so many others seem to have problems with it lol

I use mt5 and everything works fine.

What you mean by "not works"?

@fabiobioware

RSI candle id0 value> RSI candle id1 value

You don't want to use bear/bull power to filter out false entries. That indicator is basically the MACD with some added noise. Anyway, you will get false entries with every MA strategy, they cant be avoided.

To filter out flat periods, use an indicotr that tracks the volatility. For example, only trade the cross when standard deviation (34) is above average true range (144).

@fabiobioware Using 0-line cross is exactly the same as 13-moving average crossover. It will not create any extra benefit for you, but do as you like

@fabiobioware said in Condition Bulls and Bear Power indicator:

@roar said in Condition Bulls and Bear Power indicator:

And what is the role of bear/bull power?

Bull for buy and Bear for Sell

how?

@fabiobioware And what is the role of bear/bull power?

So we are comparing RSI of last candle, and RSI of the candle before that? Just take the difference between them?

RSI (ID1) - RSI (ID2)

@fabiobioware You have to explain what you want here. Why you compare the 2 indicators to each other?

Bull power will ALWAYS be bigger when the indicators are positive, and bear power will ALWAYS be bigger (absolute value) when the indicators are negative.

@fabiobioware Oh, sorry, the default seems to be 13.

The bears/bulls used 21 by default, so its 21 MA

Look at the MA and price, the bears power is just the difference

No. Replace bulls/bears power with simple moving average.

Another trick I like to use is shifted bollinger bands. If the price is above/below the bands, it has broken the recent range. To get more filtering, compare bb to moving average instead of candle closes.

Anyway, indicators are just tools, it's the implementation that matters.

@seb-0 RSI 50-line is often a rough measure of up/down. To get more filtering, add a longer period RSI...

A long trend on m1 is just a small swing on m5, everything is relative.. This is why I would use the RSI, even though its not usually referred as a "trend indicator"

In my opinion, trying to hunt stable trends is very problematic anyway. The better "trend" you want to find, the more likely that trend is approaching its end.

How do you measure this 50% slope? What is the candle period?

Bear Power and Bull Powe are the distance between candle and MA.
Bear uses candle low, bull uses candle high. Bull power will be greater when candles are above MA, bear will be greater when candles are below MA.

In essence, bear/bull power is the MACD without any smoothing.