The Bear Bull Power Indicator was developed by Dr. Alexander Elder and is a versatile indicator used to measure the strength of the bulls and bears in the market. The stronger one is over the other, the more quantified prices are. For example, in strong trending markets, bull powers are normally positive and bear powers are negative. But when there is a switch, meaning that bull powers turning negative and the bear powers turning positive, it indicates a strong move to the downside in the markets.

Besides the switch, the Bulls and Bears power indicator can also show extremes.

Bulls Power and Bears Power | Forex Indicators Guide

In such instances for example, when the Bears power turns strongly negative, it also indicates a decline in prices while at the same time Bulls power indicator can remain in positive territory.

All you need is to have your live account verified! Of course, you need to open a live account USD30 from each Forex Broker Below. Both Forex Brokers have excellent rating! On the standard MT4 trading platform, the Bulls and Bears power indicator are available as two separate indicators.

The first chart below shows the bulls and bears power indicator attached to the chart in two sub windows. Hope that you like the strategies that we share.

If you like the strategies here, you will absolutely love our latest strategy The MorningPips Trading System. The aim of Morningpips is to finish trading by the morning. Price rally when Bulls power is positive and Bears power is negative. The next chart below illustrates the scenario where the Bears power indicator turns extremely negative and depicts a strong decline in prices as a result.

Not to be confused with strong Bears power in negative sentiment resulting in a strong rally. Bearspower extremely negative, resulting in price declines. While it might seem confusing to use two different indicators, traders can download a combined and we have it prepared for you at the bottom of this page. When applied to the chart, this compact indicator plots the bulls and bears power as a histogram oscillator as shown in the next chart below.

Bulls Bears Power indicator combined. In the above chart, notice that as the bulls power starts to rise, prices tend to rally strongly and when the bears take over, prices post strong declines in the market. Besides using the 0-line, the Bulls Bears power indicator can be used to spot divergences as well. Because the indicator measures the strength of the bears and bulls, when a new low or a high fails to be confirmed by the Bulls Bears indicator, the short term divergence can offer trading opportunities.

The next chart below outlines a few divergence based trade set ups. Bull Bear Power Indicator Divergence Strategy.

Besides the above two ways, Alexander Elder also defined his own set of trading rules using the Bulls Bears power indicator and a 13 period EMA. The Buy Sell rules are defined below. Bulls Bears Trading System — Sell Signal. This is a powerful system that you can use to immediately benefit from it. We have provided the strategy. And now we will provide the trading template. The only thing we ask from you is to help us share this page on social media.

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The Elder-Ray Indicator: Seeing Into The Market

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Bears Power - Technical Indicator - Forex4you

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