BBI Bollinger BandsBBI (Bull and Bear Index) is an indicator aims on measuring the general short/mid-term (< 1 month) trend and sentiment of the stock/market. It used an average of 4 SMAs (3, 6, 12, 24) as a cut-off of a bullish/bearish trend. In general, YMMV, you can enter when close> BBI and exit when close
BBI
BBI (4MA/4) overlayThe BBI is a kind of Bull & Bear Index, which famous among Chinese traders.
Calculating method:
BBI = (( MovingAverage({source}, {M1}) + MovingAverage({source}, {M2}) + MovingAverage({source}, {M3}) + MovingAverage({source}, {M4})) ÷ 4) secured in {resolution}
(source: wiki.mbalib.com)
Configuretion:
{resolution}, {source} and {M*} are configurable. you could also feel free to use the default values.
People believe that If the price is above the BBI line, then this ETP is in the Bull market, and otherwise in the Bear market.
Bithanos Bull & Bear IndexBBI is good at following bull or bear trend in higher periods.
When the candles cross over the BBI line ,it may be bull market, then the opposite one may be bear market.
BBI 在大周期对于跟踪牛熊趋势有奇效。
当K线上穿BBI 时候，可能是牛市来临，反之则可能是熊市来临。
