Differential Indicator
Info
The Differential Indicator is a Indicator for MetaTrader 5 that indicator lines display the cumulative sums of bulls and bears power over a user-defined period. Calculation MethodBulls power is determined using the formula:bullspower(i) = sum(close(i) - close(i + 1), n) / bunWhere:bullspower(i)The current bulls power.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Differential Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Indicator lines display the cumulative sums of bulls and bears power over a user-defined period.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Trading Session Boxes Indicator for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.
Indicator lines display the cumulative sums of bulls and bears power over a user-defined period.Also recommended: ICT Kill Zones Indicator: Asian, London, New York in New York Time (2026) - similar indicator with strong performance on MetaTrader 5.
Calculation Method
Bulls power is determined using the formula:
bullspower(i) = sum(close(i) - close(i + 1), n) / bun
Where:
bullspower(i)
The current bulls power.
close(i)
The closing price of the current bar.
close(i + 1)
The closing price of the previous bar.
n
Indicator calculation period.
bun
The count of positive increments in closing prices over n bars. The sum includes only positive increments.
Similarly, bears power is calculated using the formula:
bearspower(i) = sum(close(i + 1) - close(i), n) / ben
Where:
bearspower(i)
The current bears power.
ben
The count of negative increments in closing prices over n bars. The sum includes only negative increments.
Parameters
Calculate Period
The number of historical bars used for indicator value calculation (represented as n in the formulas).
Number of Bars to Display
The number of past bars on which indicator values will be shown. To display the indicator on the entire available history, input any unnatural number (0 or less). This parameter does not impact indicator quality.
Interpretation
The red indicator line represents bears power, while the blue line indicates bulls power. The higher line signifies the stronger side. Line intersections indicate trend changes and are optimal moments to open a deal in the direction of the power that rises above the other.
Fig. 1. Uptrend to Downtrend Transition.
Update 22.09.2026
Fixed an error related to Russian language recognition in the terminal.
You may also like: Spread Monitor Indicator for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.