yes but more popular term is bipolar.It is a mood disorder that can cause extreme swings in mood—from manic highs to depressive lows. To be diagnosed with bipolar disorder you must have experienced a high period (mania or hypomania). Bipolar mania is described as an "extreme high," or feeling unusually great.Extreme changes in energy, activity, sleep, and behavior go along with these changes in mood. It is possible for someone with bipolar disorder to experience a long-lasting period of unstable moods rather than discrete episodes of depression or mania.
A person may be having an episode of bipolar disorder if he or she has a number of manic or depressive symptoms for most of the day, nearly every day, for at least one or two weeks. Sometimes symptoms are so severe that the person cannot function normally at work, school, or home.