Bear Bull Power Indicator Explained

Bear Bull Power Indicator Explained
1 of 11
http://www.forexstrategieswork.com/bear-bull-power-indicator-explained/
Advanced Forex Strategies
Home|
Strategies |
Indicators|
Reviews|
Resources|
FAQ|
Tools |
Signals |
Advertise|
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. 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.
Tweet
4/28/2016 9:00 PM
2 of 11
Follow @Strategy_Works
Related: Receive Precise Buy/Sell Entry Price Daily

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.
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.
4/28/2016 9:00 PM
3 of 11
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

As you can compare from the above three charts, the Bulls/Bears power indicator which is
combined offers a lot more than using the indicators individually. 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. The Bulls/Bears power indicator can therefore be used as a
way to expect potential short term strengths in the markets (and not to be mistaken when
trends).
4/28/2016 9:00 PM
4 of 11
Tweet
How to trade the Bulls Bears Power Indicator

The Bulls Bears power indicator can be used as an oscillator where buy/sell signals are triggered
when the indicator crosses above and below the 0-line. The following chart illustrates the buy/sell
signals generated by the Bulls Bears power moving above and below the 0-line.
Bull
Bear Power Indicator Buy/Sell Signals
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.
4/28/2016 9:00 PM
5 of 11
Bull
Bear Power Indicator Divergence Strategy
Alexander Elders Bulls Bears trading system

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.
Long Positions:
Prices are trending upwards identified by prices trading above the 13 EMA
Bears Power is negative and rising (optional requirement)
The latest Bulls Power peak is higher than its previous peak
Bears Power is rising from a bullish divergence (optional requirement)
Elders Bulls Bears trading system Buy Signal

Short Positions:
Prices are trending downwards identified by prices trading below the 13 EMA
Bulls Power is positive, but declining (optional requirement)
The latest Bears Power trough is lower than its previous trough
4/28/2016 9:00 PM
6 of 11
Bull Power is declining from a bearish divergence (optional requirement)
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.
Thank you in advance.
Tweet
Comments
4/28/2016 9:00 PM
7 of 11
3 Comments
Sort by Oldest
Add a comment...
Jrgen Welsch Saarbrcken

...tolle gratis Indikatoren zum verwenden von Handelsstrategien im Forex Markt.
Like Reply Nov 14, 2015 2:02pm
Jrgen Welsch Saarbrcken

...tolle gratis Indikatoren zum verwenden von Handelsstrategien im Forex Markt.
Like Reply Nov 14, 2015 2:07pm
Wladimir Schelechow Kunstmaler at Feikunsler

Gut!
Like Reply Apr 23, 2016 9:28pm
Facebook Comments Plugin
Share this post

Tweet
Like
86
More in Forex Indicators
GBP/USD Forecast 1st Feb to 5th Feb 2016 January 31,

2016
EUR/USD Weakness to Persist on Hawkish 2016 FOMC

January 27, 2016
4/28/2016 9:00 PM
8 of 11
MT4 Volume Indicator Gain a Clear Insight on Market

Direction December 12, 2015
Comments are closed.
4/28/2016 9:00 PM
9 of 11
Server not found

Firefox can't find the server at
widgets.myfxbook.com.
Check the address for typing errors such as
.example.com instead of
www.example.com
www
If you are unable to load any pages, check
your computer's network connection.
If your computer or network is protected by
4/28/2016 9:00 PM
10 of 11
Life
Working moms have more successful daughters and more caring sons, Harvard
Business School study says
One Womans Letter to Her Ex-husbands New Wife is Going Super Viral and Its
Not Hard to See Why
Plane Takes Off Then Pilot Discovers Theres A Cat Clinging On For Dear Life | The
LAD Bible
Like Us on Facebook
WordPress
About Us
We are a group of highly passionate traders and love to share our content as our way of giving
back. These are a collection of the most powerful strategies available and we are giving it away at
no cost. Please take time to visit us daily to review each video. And do subscribe to our
newsletter to download the awesome trading templates that we are giving away. Many thanks for
being our site visitor and please be active in your comments on the videos to help us improve
4/28/2016 9:00 PM
11 of 11
further.
Latest
USDCAD Trend MT4 Indicator - Free MT4 Indicator https://t.co/yCBcw6QnGa
SMA Crossover MT4 Indicator - Free MT4 Indicator https://t.co/XfoOU4h0Z8
SDX Zone Breakout MT4 Indicator - Free MT4 Indicator https://t.co/opp2lU8lIG
Trade Fusion Software Review - Binary Options Scam Software! https://t.co/3WMDNseslq
Insured Profits Software Review - Free Trading Software? https://t.co/fw2x08va87
Our Main Categories

Advanced Forex Strategies
Daily Technical Analysis
Forex Frequently Asked Questions
Forex Indicators
Forex Reviews
Free MT4 Indicator Download
GBPUSD Forecast
Global Forex Resources
Life Stuff
MT4 Navigation
NZDUSD Forecast
Profit by Friday
USDCAD Forecast
USDCHF Forecast
USDJPY Forecast
Weekly Forex Analysis
Copyright 2016 Advanced Forex Strategies. All Rights Reserved.
Powered by WordPress. Designed by WPZOOM
4/28/2016 9:00 PM

Bear Bull Power Indicator Explained

Diunggah oleh

Informasi Dokumen

Hak Cipta

Format Tersedia

Bagikan dokumen Ini

Bagikan atau Tanam Dokumen

Opsi Berbagi

Apakah menurut Anda dokumen ini bermanfaat?

Apakah konten ini tidak pantas?

Hak Cipta:

Format Tersedia

Bear Bull Power Indicator Explained

Diunggah oleh

Hak Cipta:

Format Tersedia

Bear Bull Power Indicator Explained

Advanced Forex Strategies