Learn bears power indicator and how to use it to signal
The bears power indicator shows the strength of bears and cows in the financial market. This indicator is more effective for traders whose trading strategy is more in the return of trends and seek more confirmation for the return of the market. The bears power indicator shows the power of buyers and sellers in the specified time return. This indicator is an oscillator.
Getting a signal from the bears power indicator is very simple and does not have difficult and complex parameters, so you can easily use this trading tool in your strategies. After activating this indicator, you will see that some oscillations are below or above the center line (zero line), which will be our benchmark for signal reception.
Buy signal using bears power indicator
When the candlesticks start to shorten below the zero line, they warn you of a trend change and confirm this signal when they reach the top of the zero line.
When the candlesticks are above the zero line and each candlestick is shorter than the previous one, notice the sell signal warning, wait for the signal to reach below the zero line to confirm the signal.
We usually suggest that you use Moving Origins in addition to this indicator, but we suggest that you also get approval from technical analysis patterns so that the signal you receive has sufficient validity.
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