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Bull vs Bear Candle Count
Bull vs Bear Candle Count
Bull vs Bear Candle Count is a market participation and directional bias indicator designed to measure whether buyers or sellers have been dominating recent price action.
Instead of relying on traditional moving averages or oscillators, this indicator simply analyzes the number of bullish and bearish candles over a customizable lookback period to determine whether the market environment is currently Bullish, Bearish, or Balanced. Based on the candle distribution, the indicator calculates net directional pressure and visually highlights shifts in market conditions.
Features:
• Customizable lookback period
• Bullish, Bearish, and Balanced market state detection
• Net Bias histogram for directional strength visualization
• Bull % and Bear % comparison lines
• Adjustable balanced threshold sensitivity
• Optional background highlighting based on market state
• State transition markers for environment changes
• Summary table displaying:
Bull count
Bear count
Doji count
Bull percentage
Current market state
Alerts Included:
• Bullish State Shift
• Bearish State Shift
• Balanced State Shift
Potential use cases:
• Identify directional market pressure
• Filter trades based on overall market environment
• Confirm trend continuation or weakening momentum
• Spot transitions between trending and balanced conditions
• Add confluence to existing strategies and systems
Interpretation:
Bullish
Bullish candles are dominating the selected lookback period
Bearish
Bearish candles are dominating the selected lookback period
Balanced
Bull and bear participation are relatively equal, potentially indicating consolidation or indecision
Bull vs Bear Candle Count is intended as a simple way to visualize market participation and directional behavior without introducing excessive complexity.
About TrendGenY Indicators
TrendGenY indicators are built from market experience, creative concepts, and a constant pursuit of unique perspectives. Rather than following conventional ideas, the focus is on uncovering alternative insights and viewing market behavior through different angles to bring greater clarity, deeper understanding, and help traders develop a more meaningful edge in the market.
Bull vs Bear Candle Count is a market participation and directional bias indicator designed to measure whether buyers or sellers have been dominating recent price action.
Instead of relying on traditional moving averages or oscillators, this indicator simply analyzes the number of bullish and bearish candles over a customizable lookback period to determine whether the market environment is currently Bullish, Bearish, or Balanced. Based on the candle distribution, the indicator calculates net directional pressure and visually highlights shifts in market conditions.
Features:
• Customizable lookback period
• Bullish, Bearish, and Balanced market state detection
• Net Bias histogram for directional strength visualization
• Bull % and Bear % comparison lines
• Adjustable balanced threshold sensitivity
• Optional background highlighting based on market state
• State transition markers for environment changes
• Summary table displaying:
Bull count
Bear count
Doji count
Bull percentage
Current market state
Alerts Included:
• Bullish State Shift
• Bearish State Shift
• Balanced State Shift
Potential use cases:
• Identify directional market pressure
• Filter trades based on overall market environment
• Confirm trend continuation or weakening momentum
• Spot transitions between trending and balanced conditions
• Add confluence to existing strategies and systems
Interpretation:
Bullish
Bullish candles are dominating the selected lookback period
Bearish
Bearish candles are dominating the selected lookback period
Balanced
Bull and bear participation are relatively equal, potentially indicating consolidation or indecision
Bull vs Bear Candle Count is intended as a simple way to visualize market participation and directional behavior without introducing excessive complexity.
About TrendGenY Indicators
TrendGenY indicators are built from market experience, creative concepts, and a constant pursuit of unique perspectives. Rather than following conventional ideas, the focus is on uncovering alternative insights and viewing market behavior through different angles to bring greater clarity, deeper understanding, and help traders develop a more meaningful edge in the market.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.