This the expectation for a return to value we can grid trade away from the area to be cleared and benefit in this way as price returns for balancing.
Yes, pretty much that is the idea. The price should return to “value”. In this case the value is towards the direction of the strength.
So wait for price to move away or move against the strength, wait for a proper price setup (maybe a few candle closes in the direction of the strength) and then place the trade.
You always need to know why the price moved. If the price move against the strength, try to understand why it moved. It could have been a major news event, in that case the current candle’s strength would be the most important.
I’m trying to make sense out of the last bars setting.
There is no set formula for the last bars.. I added this only to produce a smoothed or more of a wave type line. This indicator I think should be used with last_bars set to 0 because whats important is what’s happening now. If you set last_bars to 100, then it will show the sum of the past 100 bars and this can be a bit misleading. It can be used to gauge the overall strength though.
could you please share more screenshots on different currencies? thank you very much!
I’m very busy these days with a new project at work so I barely have time to even place a trade. I will try to show examples from time to time whenever I get a chance. Please play with this indicator and use the last_bars 0 to see the bars that its actually identifying as bull/bear bars. Here is an example..
Also take a note at the 2nd to last vertical red line that I drew where its a bull bar but with major bear strength, see what happened in the next candle? It became a bear candle where the low was below the open of the previous bull candle.
We have to learn to read the chart like a book to understand the story 
I’m now a strong believer that this is the best and the easiest way to trade.
—- If you find this indicator helpful, please comment and share your thoughts so I can spend the time to further develop it.
Focus, Patience, Determination & Order in chaos
