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Bull Bear Power

Elder indicator: bull power (high minus EMA) and bear power (low minus EMA). Bull Bear Power consists of two components: Bull Power (High - EMA) and Bear Power (Low - EMA). It is used together with ADX or other trend indicators. A divergence between Bull/Bear Power and price is a potential reversal signal.

Formula:

EMA = EMA(Close, period)
Bull Power = High - EMA
Bear Power = Low - EMA
ParameterTypeDefaultRange / Values
Periodint131-200
TriggerDirectionConditionDescription
Level cross up🟢 BuyThe indicator value crossed the specified level from below to above.The Bull/Bear Power value crosses the configurable level Level from below to above. Level is set in the trigger parameters.
Level cross down🔴 SellThe indicator value crossed the specified level from above to below.The Bull/Bear Power value crosses the Level from above to below. Level is set in the trigger parameters.
Value above level by N🟢 BuyThe indicator value rose above the level by the specified distance.The Bull/Bear Power value crosses the Level + Distance mark, moving up. The distance delays entry until a confirmed breakout of the level.
Value below level by N🔴 SellThe indicator value dropped below the level by the specified distance.The Bull/Bear Power value crosses the LevelDistance mark, moving down.
Value rising🟢 BuyThe indicator value is rising relative to the previous bar.The Bull/Bear Power value is higher on the current bar than on the previous one — upward momentum.
Value falling🔴 SellThe indicator value is falling relative to the previous bar.The Bull/Bear Power value is lower on the current bar than on the previous one — downward momentum. Fires on every declining bar.
Slope turns positive🟢 BuyThe indicator slope turned positive — an upward reversal.The Bull/Bear Power value changes its slope from descending to ascending — the indicator stopped falling and started rising.
Slope turns negative🔴 SellThe indicator slope turned negative — a downward reversal.The Bull/Bear Power value changes its slope from ascending to descending — the indicator stopped rising and started falling.
Signal line cross up🟢 BuyThe main line crossed the signal line from below to above — a buy signal.Bull Power (High − EMA) crosses Bear Power (Low − EMA) from below to above — the buyers’ edge is growing.
Signal line cross down🔴 SellThe main line crossed the signal line from above to below — a sell signal.Bull Power (High − EMA) crosses Bear Power (Low − EMA) from above to below — the sellers’ edge is growing.
Zero cross up🟢 BuyThe indicator line crossed zero from below to above — a buy signal.The Bull/Bear Power value crosses the zero level from below to above.
Zero cross down🔴 SellThe indicator line crossed zero from above to below — a sell signal.The Bull/Bear Power value crosses the zero level from above to below.
Line diverges from signal↕️ BothThe distance between the main line and the signal line increased by the specified amount.Bull Power and Bear Power diverge — the imbalance between bulls and bears is strengthening.
Line converges to signal↕️ BothThe distance between the main line and the signal line decreased by the specified amount.Bull Power and Bear Power converge — the forces of bulls and bears are evening out.
Uptrend start🟢 BuyThe indicator switched to an uptrend.Fires when a trend indicator (ADX/DMI, Ichimoku, Supertrend, etc.) signals the start of an uptrend.
Downtrend start🔴 SellThe indicator switched to a downtrend.Fires when a trend indicator (ADX/DMI, Ichimoku, Supertrend, etc.) signals the start of a downtrend. The specific condition depends on the indicator.
ParameterTypeDefaultRange / Values
Min Delta (Line converges to signal, Line diverges from signal)float00>
Threshold (Downtrend start, Uptrend start)float500-100
Distance (Value above level by N, Value below level by N)float00>
Level (Value above level by N, Value below level by N, Level cross up, Level cross down)float0