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




EMA period


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


Type: Numeric