Bulls Power Indicator
Trading in each share in the market is the result of a conflict between the buyers of “cows” which increases the price of the share and the sellers of “bears” which reduces the price.
Depending on which group wins the fight, the stock closes at the end of the market at a price that can be higher or lower than its previous day’s price.
Therefore, the winner of this conflict will be determined by the high or low share prices.
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Therefore, it is very important that the power of cows in our market is constantly examined, because changing their behavior will lead to a change in the trend of share.
The custom indicators presented in this topic (with an example) will introduce the most important examples available.
Bulls Power = Highest Price – Bulls Power = High Price – Exponential Moving Average
Buy signal The buy
signal is issued when the power indicator of the cows is above zero.
if the indicator, then scroll to the bottom-line cut indicator, which means that the price is falling below zero indicator will be in this mode.
It is said that there are 4 animals in the market. Bull, bear, sheep and pig. Cows and bears make money in the market, but pigs and sheep are sacrificed.
Cows are buyers. Vendors are also called bears. Pigs are greedy people who satisfy their greed by trading and become victims. When they trade, they trade in such a large volume that they are destroyed with the slightest fluctuation. The rest of the pigs are waiting for more and more profit so that they are destroyed. On the other hand, the sheep follow the great masters and the opinions of others with the fear of the trend. They sometimes put cow horns on their heads and sometimes crawl on bear skins, but they are nothing but cowardly sheep. Their sign is their fear and regret when the market fluctuates a little.
Wherever there is a market, cows are bought, bears are sold, pigs and sheep are crawling under the arms and legs, and traders who have not yet decided move on the border