The Bulls Bears Strength indicator is a useful tool for forex traders who use the MT4 platform. This popular indicator is free to download and provides valuable insights into market trends by showing the strength of bulls and bears in real time. The indicator works by measuring the momentum of buying and selling pressure in the market, helping traders make more informed decisions about when to enter or exit trades. It consists of two lines – one representing bullish strength and the other representing bearish strength. Traders can use the Bulls Bears Strength indicator to confirm trend directions, identify potential reversal points, and set stop loss and take profit levels. By incorporating this indicator into their trading strategy, forex traders can improve their chances of success in the market.