Elder bull bear
Elder Bull Bear in Amibroker may refer to a combined analysis of bullish and bearish signals. Utilizing the Amibroker data feed, this indicator provides insights into the balance between bullish and bearish market forces.
/_SECTION_BEGIN("Elder Ray");
ERayBull= High - EMA(Close,13);
ERayBear= Low - EMA(Close, 13);
Plot(ERayBull,"Elder Bull", colorViolet, styleHistogram|styleThick);
Plot(ERayBear,"Elder Bear", colorOrange, styleHistogram|styleThick);
_SECTION_END();