Total Power Indicator X is a free instant download for MetaTrader 5 that turns MetaTrader’s built-in Bulls Power and Bears Power indicators into a single concentration measure — instead of just showing you the raw power values, it counts how often bulls or bears have actually dominated over a recent stretch of bars, and plots that as a 0–100 reading. It’s a port of Daniel Fernandez’s original MT4 Total Power Indicator, rebuilt for MT5 by EarnForex.

What It Actually Calculates

On initialization, the indicator opens handles to the standard iBullsPower and iBearsPower indicators, both using the PowerPeriod input (10 bars by default) as their own internal period. Each tick, it copies enough of both buffers to cover the current calculation window. Then, for every bar, it looks back over the trailing LookbackPeriod bars (45 by default) and simply counts: how many of those bars had a positive Bulls Power reading (bullscount), and how many had a negative Bears Power reading (bearscount).

Those two counts feed three output buffers, all rescaled to a 0–100 range. BullsBuffer is ((bullscount / LookbackPeriod × 100) − 50) × 2 — effectively how far bulls’ dominance count sits above or below the 50% midpoint, doubled onto the full 0–100 scale. BearsBuffer is the mirror calculation for bears. PowerBuffer is 2 × |bullscount − bearscount| × 100 / LookbackPeriod, a combined measure of how lopsided the two counts are regardless of which side is winning. BullsBuffer and BearsBuffer are drawn as a filled cloud (blue/magenta) directly against each other, while PowerBuffer is plotted as a separate purple line, with reference levels at 0, 50, and 100.

How to Read It

The BullsBears cloud shows you, at a glance, which side has held the upper hand recently and by how much: when the blue (bulls) side of the cloud sits well above the magenta (bears) side, bulls have been dominating a large share of the lookback window’s bars; when they’re close together, control has been contested. The separate Power line answers a related but distinct question — regardless of which side is winning, how one-sided has the recent battle actually been? A Power reading near 100 says one side has controlled nearly every bar in the lookback window; a reading near 0 says the two sides have been splitting bars roughly evenly, which typically corresponds to choppier, less decisive price action.

Key Input Parameters

• PowerPeriod (10): the period passed directly into the underlying Bulls Power and Bears Power indicators.
• LookbackPeriod (45): how many recent bars are counted to build the Bulls%, Bears%, and combined Power% readings.
• Shift (0): shifts the indicator’s plotted lines horizontally by the given number of bars.

Using It in Practice

Because both LookbackPeriod (45) and PowerPeriod (10) are moderate-length settings by default, the readings tend to shift gradually rather than spike on every bar, which makes this better suited to gauging the broader balance of control over a recent stretch than to catching a single bar’s momentum. Traders commonly use the cloud crossover — the point where BullsBuffer crosses back above or below BearsBuffer — as a rough regime-change signal, while using the standalone Power line as a filter for conviction: a cloud crossover accompanied by a Power reading pushing toward 100 suggests a more decisive shift than the same crossover occurring while Power sits low.

Why Count Instead of Average

Most sentiment-style indicators average or smooth the underlying oscillator’s raw value over a window; this one deliberately does neither. By counting how many bars crossed the zero line rather than averaging the magnitude of Bulls Power and Bears Power, Total Power Indicator X is less sensitive to a single outsized bar skewing the reading, and more sensitive to a genuine, sustained shift in which side is winning bar after bar. The tradeoff is exactly what the code’s own arithmetic implies: a market where bulls barely edge out zero on 40 of 45 bars looks identical to one where bulls dominate overwhelmingly on those same 40 bars, because only the sign of each bar’s power reading is checked, never its size.

Honest Limitations

The indicator requires at least LookbackPeriod + PowerPeriod bars of history before it produces any output (enforced by an explicit check against min_rates_total), and it inherits whatever limitations the underlying Bulls Power and Bears Power indicators carry, since it’s entirely built from their raw output rather than from price directly. It has no alerts or arrow objects, and because it’s a counting/concentration measure rather than a magnitude measure, two very different market conditions (barely-positive Bulls Power on every bar vs. strongly-positive Bulls Power on every bar) can produce an identical BullsBuffer reading, since the underlying calculation only checks the sign of each bar’s power value, not how large it was. It’s also worth remembering that PowerPeriod (10) governs the underlying Bulls/Bears Power calculation while LookbackPeriod (45) governs the counting window on top of it — changing one without the other can produce readings that no longer feel proportionate to each other.