Bull vs Bear Power by DGT Indicator by dgtrd
The Bull Power and Bear Power are the oscillators developed by Dr Alexander Elder. They measure the power of buyers (bulls) and sellers (bears) to push the price in their favor, i.e. above or below a baseline. The two indicators combined are known as Elder-Ray Index. The function of a baseline is often performed by a 13-period Exponential Moving Average (EMA) of closing prices. It… Read More »Bull vs Bear Power by DGT Indicator by dgtrd