Bears-Power-Forex-Indicator
Bears-Power-Forex-Indicator
Watch the testing video here:
Bears Power indicator
The popular technical Bears Power indicator estimates the interest in the sale and the chances of the market to reduce prices. It is used to support positions in the downstream market and as an indicator of the current bear/bull equilibrium.
Mathematics and parameters
The indicator is based on a simple idea: if the price decreases, then profit must be obtained from transactions for sale. Bears Power is calculated on the basis of exponential moving average and estimates the minimum current price, that is, how active sellers (bears) have dragged the market to their side. The indicator developer worked with a 13-period exponential mean − from its value the current minimum price of the bar is simply subtracted.
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