BBI (Bull and Bear Index)

Indicator Description

BBI (Bull and Bear Index) is a technical indicator that judges the market's bull and bear trend by averaging multiple moving averages of different periods.

Function Information

• Function Name: BBI
• Input Parameters: Open
• Parameter Settings: timeperiod1 (default: 5), timeperiod2 (default: 8), timeperiod3 (default: 13), timeperiod4 (default: 21)
• Output: BBI value

Calculation Principle

BBI reflects the overall market trend by averaging multiple moving averages of different periods.

Application Scenarios

1. Trend judgment
2. Bull-bear dividing line
3. Trading signal generation
4. Support and resistance judgment