The purpose of this indicator is to give a quick snapshot of the balance between buyers and sellers. I've identified a few patterns which accurately indicate the market faze. If anyone identifies patterns or alternate uses, please share.
Based on BullBearPower indicator, this is a heavily modified version with colored candles to show when bulls or bears are buying or bailing. Includes Fibonacci Levels based on Highest/Lowest value in variable length, along with optional second timeframe and alternative calculation for candles and linear regression curves for increased versatility. Green = bullish...
