Bull & Bear Balance (MT5)

Bull & Bear Balance measures the net pressure between buyers and sellers and plots it as an oscillator. You get a clean read of who’s in control (bulls vs bears) and how strong the impulse is — ideal for trend participation and timing pullbacks in MetaTrader 5.

What it shows

• Balance line above zero → bulls dominate; below zero → bears dominate.
• Histogram/Color (if enabled) highlights momentum surges and fades.
• Slope & zero-line give simple, robust rules for trend-following or mean-reversion filters.

Trade ideas

1. Zero-line regime: Trade long while the balance stays > 0; short while it stays < 0.
2. Pullback timing: Enter on dips when balance holds above 0 (or rises from shallow pullback).
3. Break of regime: Exit or reverse on sustained cross of the zero-line.
4. (Optional) Divergence: Price makes new extremes but the balance doesn’t — early warning, confirm with price.

Inputs that matter

• Calculation period — sensitivity of the balance.
• Smoothing — makes regimes clearer, reduces noise.
• Source price — Close/Typical/Weighted, etc.
• Alerts — crossovers/zero-line/slope change.
• Colors/widths — at-a-glance read.

Suggested usage

• M5–M15: Intraday momentum with a higher‑TF trend filter.
• M30–H4: Swing participation and stay-in-trend logic.
• Daily+: Portfolio trend filter.

Installation (MT5)

1. Open MetaTrader 5 → File → Open Data Folder.
2. Copy bbb.ex5 to MQL5/Indicators.
3. Restart MT5 (or refresh Navigator) and attach Bull & Bear Balance to a chart.
4. Tweak inputs → OK.

FAQ

Does it repaint? No — calculated on closed bars (standard MT5).
Use in EAs? Yes, via iCustom or attaching to a chart.
Markets? FX majors/crosses, indices, metals, crypto — anything your broker provides in MT5.

Disclaimer: Test on a demo account first. No indicator guarantees profits; risk management is essential.