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Bull Fear and Bear Fear Expert by Walter Downs
From Terms To Technical Tools

In Walter Downs' article "From Terms To Technical Tools" he introduces the Point of Balance Oscillator, two conditions to color bars and two system tests. All of these canbe created quite easily in MetaStock 6.5.

To highlight bars based on the Bull Fear and Bear Fear conditions discussedin the article, choose Expert Advisor from the Tools menu, click on theNew button and enter the following expert:

Bull Fear and Bear Fear Expert


Name: Bull Fear
Color: Blue

n := 12 {Time periods};
BullFear := (HHV(HIGH,n) - LLV(HIGH,n))/2 + LLV(HIGH,n);
CLOSE > BullFear

Name: Bear Fear
Color: Red

n := 12 {Time periods};
BearFear := (HHV(LOW,n) - LLV(LOW,n))/2 + LLV(LOW,n);
CLOSE < BearFear


Source / From: TOP

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