What it does
Majority Rule looks back over a rolling window of recent bars and counts how many closed higher than the previous close (bullish votes) versus lower (bearish votes). It plots the bullish percentage as an oscillator around the 50% line. Above 50% the majority of recent bars were up; below 50% the majority were down.
Typeoscillatorseparate pane
How to add it
Click Indicators (ƒx) in the header.
Search “Majority Rule” and click the result.
Hover its legend row and click the gear to open settings.
How traders use it
- Crosses above 50% signal that up-bars have taken the majority — a simple trend-direction flip to the long side; crosses below 50% flip it short.
- Extreme readings (near 100% or 0%) show one-sided persistence; in ranging markets these extremes often precede mean reversion.
- Use it as a persistence filter: only take breakout longs while the reading holds above 50%, shorts below.
- Divergence — price making new highs while the bullish percentage declines — warns the advance is thinning out.
- Smooth or lengthen the window on noisy intraday charts to cut whipsaw flips around 50%.
Inputs
| Input | Type | Default | Range / Options |
|---|---|---|---|
| Rolling Period | number | 14 | 1–2000 |
Plots & styling
| Plot | Style | Default color |
|---|---|---|
| Majority Rule | line | #FF5252 |
Every plot's color, line width and visibility can be changed on the Style tab. Precision (default 2 decimals), price-scale labels and status-line values are configurable at the bottom of the Style tab.
Reference levels
| Level | Value |
|---|---|
| Middle | 50 |
Level values, colors and line styles are editable in settings.
Tips
- Merge multiple oscillators into one pane from the legend ⋯ menu to compare them on a shared axis.
- Double-click the plot to open settings directly, skipping the legend hover.
- The pane keeps its height in saved layouts, so size it once and it survives reloads.
Watch out for
- It counts direction only, not magnitude: five tiny up-closes outvote one huge down-bar, which can badly misrepresent the tape.
- Around the 50% line it flips frequently, so short windows generate constant false regime changes.