What is bears power indicator?
The Bears' power indicator attempts to determine the financial market's sellers' strengths. It accomplishes this by calculating the difference between the period's smallest price and the exponential moving average. It employs the Exponential Moving Average 13 by default, and it is typically reThe EMA is significant because it is based on the most recent data received. This technical tool includes a zero line as well as an upper and lower limit. Bears are said to be most powerful at the local minimum and least powerful at the maximum. So the bears' strength is calculated by examining how far below the zero line the bear power indicator falls.presented as a histogram.
Dec 29, 2022 08:56