The Bear Chart Spheres Indicator is a specialized bearish setup tool that identifies high-probability short entries when distribution pressure aligns with price structure. Using a combination of moving average channels and price-only accumulation/distribution confirmation, this indicator automatically plots short entry points, stop losses, and profit targets—helping traders take disciplined trades without guesswork.
Key Features:
✅ Williams A/D Confirmation (No Volume) – Confirms distribution strength without relying on volume data.
✅ Dual Moving Averages – Tracks high- and low-based simple moving averages to define the trade channel.
✅ Automatic Trade Levels:
• Short Entry – Plotted when price exceeds the high SMA while distribution dominates.
• Stop Loss – Dynamically calculated above the high SMA for risk control.
• Profit Target 1 (PT1) – First target aligned with the low SMA.
• Profit Target 2 (PT2) – Extended downside target below the channel.
✅ Clear Visual Signals – Downward arrows and chart spheres make entries, exits, and targets simple to spot in real time.
Perfect For:
Traders who want a rule-based shorting framework with built-in risk/reward planning. Ideal for swing traders and intraday traders focused on spotting distribution-driven sell setups.
The Bear Chart Spheres Indicator is a specialized bearish setup tool that identifies high-probability short entries when distribution pressure aligns with price structure. Using a combination of moving average channels and price-only accumulation/distribution confirmation, this indicator automatically plots short entry points, stop losses, and profit targets—helping traders take disciplined trades without guesswork.
Key Features:
✅ Williams A/D Confirmation (No Volume) – Confirms distribution strength without relying on volume data.
✅ Dual Moving Averages – Tracks high- and low-based simple moving averages to define the trade channel.
✅ Automatic Trade Levels:
• Short Entry – Plotted when price exceeds the high SMA while distribution dominates.
• Stop Loss – Dynamically calculated above the high SMA for risk control.
• Profit Target 1 (PT1) – First target aligned with the low SMA.
• Profit Target 2 (PT2) – Extended downside target below the channel.
✅ Clear Visual Signals – Downward arrows and chart spheres make entries, exits, and targets simple to spot in real time.
Perfect For:
Traders who want a rule-based shorting framework with built-in risk/reward planning. Ideal for swing traders and intraday traders focused on spotting distribution-driven sell setups.
