Bear and Bull volume indicator

Bear and Bull volume indicator

This code is mainly for Wyckoffians and can be used in accumulation/distribution phases to spot the change of forces.

The volume bars are showing who is stronger in the period defined in the timeframe (more green means that bulls are running the show, in this case, in the weekly period).

The moving averages are showing the same information but based on an historical point of view (when the bull line crosses over the bear line bulls are becoming stronger in the longer period).

I suggest to use a period of 22 or more and always based on the timeframe in use.

Blue skies!!


Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. gabri • 158 days ago #

    Cambia la riga cosi’:
    return volbear coloured (205,0,0) , volbull coloured (0,190,0) , mmred coloured (255,0,0) as “Bear average”,mmgreen as “Bull average”

    non verra’ visualizzato un istogramma ma una linea normale

    • Kris75 • 152 days ago #

      Hi Gabri,

      I am trying to set a simple strategy based on your very cool indicator

      Here are the conditions:

      BUY = ENTRY :

      if the bull-volume-green-bar CROSSES (i.e is superior) the simple moving average of the past 23 bull-volumes
      if the bull-volume-green-bar CROSSES (i.e is superior) the simple moving average of the past 23 bear-volumes

      SELL = EXIT:

      if the bear-volume-green-bar CROSSES the simple moving average of the past 23 bull-volumes
      if the bear-volume-green-bar CROSSES the simple moving average of the past 23 bear-volumes
      I tried to use the automatic coding system but it does not work; I tried also to code it myself using moving average but it is not working either.

      Can you help me on this?

      Thanks !


  2. gabri • 152 days ago #

    Kris, I will answer on the forum at the following address
    Give me a few days since I am in the process of moving.

  3. segie • 143 days ago #

    Hi Guys,

    Will it be possible to add “Texts” to this code. When the bull line crosses over the bear line I would like to insert a “BULL” text on the:
    1.Corresponding volume bar or histogram on this indicator
    2.On the corresponding Price candle. I would like the “Bull” text to appear just above the candle stick.
    3.Vice versa for when the bear line crosses the bull line.


  4. gabri • 140 days ago #

    Segie, I can add text on the graph of THIS indicator. To add text ALSO on the price graph you need to do another code and everytime you change the settings on the bear bull volume indicator you need to change the settings also on the second one….you might end up having not the same info and this is not good in my opinion.

Register or


avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar

+2 more likes

Related users ' posts
Nicolas Je ne comprends pas de quelles zones on parle ? Le graphique représenté ici est simplement u...
Eloi Ok je comprend mieux. Merci Nicolas
macbartin Bonjour, si je souhaite utiliser l'indicateur "Market profile" : "Bull & Bear Volume-by-...
bolsatrilera con un pequeño añadido. He puesto los circulos en color negro.
bolsatrilera EM MONEY FLOW INDEX + ALERTS //@version=3 // on platform Tradingview by DreamsDefined //a...
Carlos Garcia Enorme. Gracias!
Kris75 Hi TAC, Thanks a lot for this great piece of work; -) MUCHAS gracias ;-) did I read right,...
TAC Bolsa All indicators share some code of other TAC indicators that improve the functioning of this ...
ramonjp Hi Tac, Great job. Please, can you provide latest code version of this indicator without ...
TAC Bolsa Estas equivocado al 99,9%. La correlación entre las series de precios y volúmenes las des...
Domenec Si hablas de un indice regional como el Ibex es posible que sea asi yo nunca lo he operado y...
TAC Bolsa Regional de Mostoles, en una cosa tienes razón mejor dejarlo aquí...
Nicolas Thank you Xusto. Thank you a lot for your contribution :) Since your code is a Pathfinder'...
Xusto Hello, Fully Agree, I will update it with your advice. Btw Can would you like share you co...
TAC Bolsa
3 months ago
luxrun Thank you so much Tac BOLSA, I can not post the picture tonight I'll try tomorrow. I loaded ...
TAC Bolsa A new version of TAC Volume HPI DIV10.4 is available. that marks the divergence In the fo...
Raymundo Buenas tardes. Como puedo descargar algunos indicadores de esta pagina ?
Nicolas This is not the right place, please open a new topic in ProOrder forum. This question has be...
claudio1964 Hello Nicolas great indicator, I use it on prorealtime, can I have a code version for Webank...
Nicolas I think that it could work if you remove "style(histogram)" from the last line of the code.
Real Pro working now, sorry for the bother
David29 BONJOUR, Félicitations pour cet indicateur. Avez-vous une idée de comment créer une strat...
Nicolas Je pense que ça a déjà été codé quelque part sur le forum. Dans la négative merci d'ouvrir u...
beppe8949 Ciao Nicolas! Perdonami, ma come si fa a estendere il periodo dell'indicatore a 100 000 unit...
beppe8949 No ok ho risolto! Grazie :)
stecr Ciao a tutti e a NIcolas, vpoichè con lo zigzag non è attendibile l'ultima barra (visto che...
Alai-n I also have the same problem that I can not solve especially on LowVolume (Yellow) ... Sorry
Mert No need to apologise, my friend. It is great code. I hope you find a solution soon. Regards.
gabri I think it's because the lookback period changes at every new bar and that means that many c...
Thomas007 It's a very powerful tool. Thanks for sharing! The Signal crosses the Trader a few times but...
rb-72 Thank you, area of twist by dilatacion of the price, missing part of the code that is not pu...
Thomas007 after reading your blog now I understand why there is only a part of your code here. I'm try...
Stenozar Hi, which timeframe do you use? have you tried with Dax? thanks
rb-72 5 Minutes, 15 Minutes, The most effective 1 Hour below 0 or above 0 as a turn signal in the ...
10 months ago
hamid1736 Hi Nicolas, I couldn't find a better way to ask you my question. I have a problem of findin...
Nicolas Sorry but this question has nothing to deal with this indicator, it belongs to a specific su...