What are Forex Bulls and Bears Indicators?
The next chart below illustrates the scenario where the Bears power indicator turns extremely negative and depicts a strong decline in prices as a result. Not to be confused with strong Bears power in negative sentiment resulting in a strong rally. Bearspower extremely negative, resulting in price declines.
While it might seem confusing to use two different indicators, traders can download a combined and we have it prepared for you at the bottom of this page. When applied to the chart, this compact indicator plots the bulls and bears power as a histogram oscillator as shown in the next chart below.
Bulls Bears Power indicator combined.
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In the above chart, notice that as the bulls power starts to rise, prices tend to rally strongly and when the bears take over, prices post strong declines in the market. Besides using the 0-line, the Bulls Bears power indicator can be used to spot divergences as well. Because the indicator measures the strength of the bears and bulls, when a new low or a high fails to be confirmed by the Bulls Bears indicator, the short term divergence can offer trading opportunities. The next chart below outlines a few divergence based trade set ups.
Besides the above two ways, Alexander Elder also defined his own set of trading rules using the Bulls Bears power indicator and a 13 period EMA. The Buy Sell rules are defined below.
BullsPower and BearsPower indicators: how not to lose in the race for the leader
This is a powerful system that you can use to immediately benefit from it. We have provided the strategy. Ruble Exchange Rates. Euro Bitcoin is again feeling the pull of gravity. Market focus Holidays in the U. What is crypto-currency in simple words?. Crypto-currency is electronic virtual or digital money.
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