Bear Power

bear_power

Function Name: bear_power

Tags: Exponential Moving Average

Category: Trend

Bear Power should normally remain negative. But Dr. Alexander Elder suggests using the exponential moving averages slope to determine the market trend direction. He describes the best buy signals as being when bullish divergence occurs between Bear Power and price (i.e. lower lows in price and higher lows in Bear Power) Buying conditions: (1) Prices are trending upwards according to the 13-period exponential moving average and (2) Bear Power is negative, but rising

 

Parameters

Period

EMA period

 

Default Value: 13  |  Minimum: 2  |  Maximum: 999

 

Type: Numeric