The Total Power Indicator is a MetaTrader oscillator designed to measure the relative strength of bulls and bears in the market over a defined period. It is based on two classic indicators — Bull Power and Bear Power — but enhances them by adding a longer-term perspective and clearer trend strength interpretation.

Instead of focusing on single-bar momentum, the Total Power Indicator analyzes how many bullish and bearish bars occurred during a selected lookback period. From this data, it calculates proportional strength indexes for:

• Bull Power
• Bear Power
• Total Power, defined as the absolute difference between bullish and bearish strength

This approach produces smooth, continuous lines that represent the average dominance of buyers and sellers, overcoming the main limitation of the original Bull/Bear Power indicators.

The original MT4 version was created by Daniel Fernandez (Asirikuy.com) in 2011, and the indicator is now fully available for both MT4 and MT5 platforms.

How the Indicator Works
The Total Power Indicator evaluates market pressure by comparing bullish and bearish activity over time:

• When Bull Power dominates, buyers control the market.
• When Bear Power dominates, sellers are in control.
• Total Power highlights the strength of imbalance between bulls and bears.

Because the indicator is based on historical dominance rather than single price movements, it provides a clearer picture of trend strength, exhaustion, and potential reversals.

Input Parameters
The indicator offers flexible settings to adapt to different trading styles:

• Lookback Period (default = 45)
  Defines how many past bars are analyzed to count bullish- and bearish-dominated candles.
• Power Period (default = 10)
  The calculation period for the original Bull Power and Bear Power indicators.
• AlertOn100Power (default = false)
  Triggers an alert when Bull or Bear Power reaches level 100, signaling strong overbought or oversold conditions that often precede reversals.
• AlertOnCrossover (default = false)
  Triggers an alert when Bull Power and Bear Power lines cross.
• EnableNativeAlerts (default = false)
  Enables MetaTrader popup alerts.
• EnableEmailAlerts (default = false)
  Sends email notifications when alert conditions are met.
  Email must be configured via Tools → Options → Email.
• EnablePushAlerts (default = false)
  Sends push notifications to mobile devices.
  Notifications must be configured via Tools → Options → Notifications.
• TriggerCandle (default = Previous)
  Selects whether alerts are triggered on the most recently closed candle or the currently forming candle.

Trading Strategy Examples
The Total Power Indicator can be used similarly to other oscillator-based tools:

• Reversal Strategy (High-Probability but Rare)
  Enter reversal trades when Bull or Bear Power reaches 100, signaling extreme market conditions.
• Crossover Strategy
  • Go long when the Bull Power line crosses above the Bear Power line.
  • Go short when the Bear Power line crosses above the Bull Power line.
• Exit Strategy
  Use crossovers between Bull/Bear Power and the Total Power line as a conservative exit signal to protect profits.

Conclusion
The Total Power Indicator for MT4 & MT5 is a powerful tool for traders who want to understand who truly controls the market — bulls or bears. By combining classic indicators with long-term strength analysis, it delivers clearer signals for trend confirmation, reversals, and trade management.

It is suitable for Forex, indices, commodities, and crypto markets, and works across all timeframes.

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