This is an idea that could have some use.
I was testing this indicator that I find very interesting, but it gives a different result for each timeframe. I think that has its use, to know the action that bears and bulls have had in each one of them.
Could this indicator be modified that, in addition to the result of each time frame separately, also shows the total average of the bulls and bears of all the time frames in real time, approximately as it appears in the attached image?
The average of the bears of all the time frames would be obtained by adding the bears of each of them and dividing the result by 9.
The average of the bulls of all the time frames would be obtained by adding the bulls of each of them and dividing the result by 9.
- (17.16 KiB) Downloaded 172 times
- (10.51 KiB) Downloaded 210 times
- TF AVERAGES.png (4.83 KiB) Viewed 1046 times