Bull Power is calculated by subtracting the 13-day EMA from the day's High. Bear power subtracts the 13-day EMA from the day's Low.
Trading Signals
When used on its own, the Elder-ray requires 3 screens: ...
Bull Power = Daily High - n-period EMA
Bear Power = Daily Low - n-period EMA
Elliott Wave Theory ...
"Bull Power" (Daily High - n period moving average) and
"Bear Power" (Daily Low - n period moving average).
It's better to purchase when: ...
Bear Bull Power - Forex Forum - FXstreet.com
Metatrader Lounge ... Bear Bull Power Indicators ... Forex Chat. Open 24 hours a day. Discuss your trades with the community in the Forex Chat ...
It has two components - "Bull Power" and "Bear Power". Bull Power subtracts an EMA of close from high of the candle. Bear Power subtracts an EMA of close from low of the candle. Investopedia has an article on this indicator.
Elliott Oscillator ...
The Elder Ray index actually consists of two indicators:
"Bull Power" (Daily High - n period moving average) and
"Bear Power" (Daily Low - n period moving average).
may even be a doji or nearly a doji) but the second day is characterized by a very long real body, this strongly indicates that the bearish power is diminishing and the disparity of white versus black body is indicative of the emerging bull power.
 See also: Bull, Bear, Indicators, Moving average, Indicator
  
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