This is my attemption to create oscillator that will show when the market is bullish and when its bearish . Fight between those two forces will be shown on the chart.
It is based on price action versus two moving averages.
* You can choose from 4 different MAs in settings: McGinley , SMA , EMA and VWAP .
* You can set up 2 Moving Averages (fast and slow)
* Amount of bars back from PriceAction versus MAs is calculated
ps. This script is invite-only for the members of our trading group (info in signature, group is free of charge).