Oscillators
Bulls Power and Bears Power (Elder-Ray)
Two bars that show how far buyers pushed the price above its average (Bulls) and sellers pushed it below (Bears).
Die Idee in einfachen Worten
The moving average is the market's consensus of value. The high of a candle shows the most buyers could achieve; the low shows the most sellers could. Comparing each with the average shows the strength of each side.
So wird gerechnet
Bulls Power is the candle's high minus a 13-period EMA; Bears Power is the low minus that EMA.
Bulls Power = high − EMA(close, 13)
Bears Power = low − EMA(close, 13)Anwendung
- In an uptrend (EMA rising), look to buy when Bears Power is negative but rising: sellers are losing strength.
- In a downtrend, look to sell when Bulls Power is positive but falling.
Schlüsse ziehen
- Bulls Power making lower highs while the price makes higher highs is a warning that buyers are tiring (divergence).
Beispiel
EURUSD is in an uptrend. On a pullback Bears Power drops to −0.0040, then rises to −0.0015 over three candles while the EMA keeps rising: a typical Elder-Ray buying setup.
Kurse in Beispielen dienen der Veranschaulichung.
Worauf man achten sollte
- Use them together with the trend direction, not on their own.
Ein wenig Geschichte
Dr Alexander Elder, described in his 1993 book "Trading for a Living" as the Elder-Ray.
Nur Bildungsinhalte. Kein Indikator und kein Muster sagt die Zukunft voraus, und nichts hier ist eine Anlageberatung.