# Ray Bull/Bear Power Combo For ThinkOrSwim

#### Tidan

##### Member
After reading this thread I was interested in combining Ray Bull Power and Ray Bear Power as I trade both long and short near equally.

Perhaps someone may find this useful.
Code:
``````declare lower;

# Ray component

input bullLength = 13;
input bearLength = 13;
plot zeroline = 0;

def Bull = high - ExpAverage(close, bullLength);
def Bear = low - ExpAverage(close, bearLength);

def bullOver = if bull > zeroline then bull else double.nan;
def bullUnder = if bull < zeroline then bull else double.nan;
def bearOver = if bear > zeroline then bear else double.nan;
def bearUnder = if bear < zeroline then bear else double.nan;

plot minorBullPower = if bearOver then bearOver else double.nan;
plot BullPower = if bullOver then bullOver else double.nan;
plot minorBearPower = if bullUnder then bullUnder else double.nan;
plot BearPower = if bearUnder then bearUnder else double.nan;

minorBullPower.assignValueColor(Color.dark_green);
minorBullPower.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
minorBullPower.SetLineWeight(3);
minorBullPower.hideTitle();

minorBearPower.assignValueColor(color.dark_red);
minorBearPower.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
minorBearPower.SetLineWeight(3);
minorBearPower.hideTitle();

BullPower.assignValueColor(Color.green);
BullPower.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
BullPower.SetLineWeight(3);

BearPower.assignValueColor(Color.red);
BearPower.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
BearPower.SetLineWeight(3);

ZeroLine.SetDefaultColor(GetColor(3));``````

Last edited by a moderator:
Here is another version of Bull and Bear Strength from TradingView converted to thinkscript.

script here
Code:
``````# Bull and Bear Strength from TradingView converted by mbarcala

declare lower;

input length = 20;
input bullper = 13;
input bearper = 13;

def Mdb = ExpAverage(close, length);
def bull = high - ExpAverage(close, bullper);
def bear = low - ExpAverage(close, bearper);

plot upLine = close - Mdb;
upLine.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
upLine.AssignValueColor(if upLine > 2.0 then CreateColor(0,102,204) else Color.CURRENT);
upLine.HideBubble();

plot downLine = -(bull + bear);
downLine.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
downLine.AssignValueColor(if downLine > 2.0 then Color.RED else Color.CURRENT);
downLine.HideBubble();

plot centerLine = 0;
centerLine.SetDefaultColor(Color.GRAY);``````

Last edited:
is this the alexander elder indicator?

Thanks for this indicator. How do we decide about Buy or Sell? can you provide the code for scanner?
try this for Bull movement
Code:
``````def length = 20;
def bullper = 13;
def bearper = 13;

def Mdb = ExpAverage(close, length);
def bull = high - ExpAverage(close, bullper);
def bear = low - ExpAverage(close, bearper);

def upLine = close - Mdb;
def downLine = -(bull + bear);

plot crUp = upLine crosses above downLine;

#plot crDn = upLine crosses below downLine;``````

for bear scan comment (#) plot crUp and uncomment crDn and create another scan

Hello, can anyone explain how to read this indicator? would appreciate it

@mbarcala Could you share the workspace? What is that indicator that turns the candles to blue? I would appreciate your help.

@mbarcala Could you share the workspace? What is that indicator that turns the candles to blue? I would appreciate your help.

anyway to get this working correctly for mobile?

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