Elder Ray Bear Power

The purpose of this indicator is to measure the pressure of bearish trends over a given period of time. The Elder Ray Bear Power indicator makes it possible to estimate the equilibrium points of the bearish trends, the indicator given the points of Elder Ray Bear Power reported previously signals the following Elder Ray Bear Power that indicate the inversion of the trend. The basic assumptions of this oscillator consist in believing that the Moving Average expresses the negotiations between buyers and sellers for a determined interval of time, and furthermore the minimum indicates the maximum power of the sellers in a given time period, type daily. From these assumptions the Elder Ray Bear Power is expressed as the difference between the lowest price (the current minimum) and a Moving Average. In a downward trend, the minimum is lower than the Moving Average, so the Elder Ray Bear Power falls below the zero line, on the contrary if the minimum is above the Moving Average, when prices start to rise, the Elder Ray Bear Power is above zero. Elder recommends using this indicator, Elder Ray Bear Power as Elder Ray Bull Power in conjunction with a trend indicator, to better understand the signals, the rules are as follows: when the Elder Ray Bear Power is negative and growing it is necessary to buy , and it is necessary to sell when the indicator from positive starts to decrease or when it is negative and the bars below zero grow more and more, in particular the next one must always be bigger in absolute value than the previous one.