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Understanding the BnB Indicator for MetaTrader 5: Bull and Bear Power Unleashed

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Author: Zhaslan

If you're looking to enhance your trading strategy, the BnB indicator could be a game changer. This powerful tool measures the strength of bulls and bears in the market, giving you invaluable insights into market dynamics.

To get started with the BnB indicator, you’ll need to utilize the SmoothAlgorithms.mqh library classes. Make sure you copy these files into your terminal_data_folder/MQL5/Include directory. If you're unsure about how these classes work, check out the detailed explanation in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Originally crafted for MQL4, this indicator first hit the Code Base on May 21, 2012, and has since evolved to become an essential tool for traders.

Bulls and bears power indicator

Fig.1. Bulls and Bears Indicator

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