The Bulls Bears Index (BBI) calculates a composite moving average by taking the arithmetic mean of four separate Simple Moving Averages (SMAs) with distinct lookback periods: ultra-short, short, medium, and long.
1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
98 lines of Pine Script v6 from lib/oscillators/bbi/bbi.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
Optimized for streaming efficiency using circular buffers, it smooths price data to identify broader market trend direction directly on the main price chart. Users can customize the price source and adjust all four SMA lookback periods to tailor the sensitivity to different timeframes.
Four-period SMA composite trend calculation
Optimized circular buffer for O(1) streaming performance
Adjustable ultra-short, short, medium, and long periods
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
close
i_source
Period 1 (Ultra-Short)
int
3
i_p1
Period 2 (Short)
int
6
i_p2
Period 3 (Medium)
int
12
i_p3
Period 4 (Long)
int
24
i_p4
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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