Bull Power

bull_power

Function Name: bull_power

Tags: Exponential Moving Average

Category: Trend

Bull Power should normally remain positive. But Dr. Alexander Elder suggests using the exponential moving averages slope to determine the market trend direction. He describes the best sell signals as being when bearish divergence occurs between Bull Power and Price. (i.e. higher high in price and lower highs in Bull Power) Selling Conditions: (1) Price are trending downwards according to the 13-periods exponential moving average and (2) Bull Power is positive, but declining

Parameters

Period	EMA period
	Default Value: 13 \| Minimum: 2 \| Maximum: 999
	Type: Numeric