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Best Indicator for getting who is in control of the market in the current session?

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    Best Indicator for getting who is in control of the market in the current session?

    Which are the best indicators for finding out who is controlling the current session - the bulls or the bears? I am yet to find a good indicator that can easily (and visually if possible) tell me if the current session has more and/or stronger buyers than sellers. Please let me know any recommendations you may have (preferably free ones haha). Thanks in advance.

    #2
    Hello mbesha,

    I just wanted to provide a quick note as there are some indicators that come with NinjaTrader which have bull/bear related logic/descriptions. I would suggest searching the help guide for the term "bear" to see these results. The Candlestick pattern is one item that has some detection for bull/bear patterns. The BOP indicator is a measure of bull/bear markets. A few other indicators come up in the search in relation to the terms and how they can be used.

    I am certain other community members will respond with their experience here as well.

    Please let me know if I may be of further assistance.
    JesseNinjaTrader Customer Service

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      #3
      Originally posted by mbesha View Post
      Which are the best indicators for finding out who is controlling the current session - the bulls or the bears? I am yet to find a good indicator that can easily (and visually if possible) tell me if the current session has more and/or stronger buyers than sellers. Please let me know any recommendations you may have (preferably free ones haha). Thanks in advance.
      The Market Internals: specifically, the Market Breadth, the Advance-Decline line, the NYSE TICK, the Arms Index. The devil, of course, is in the interpretation thereof.

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