Bears Power
Category: momentum
Measures the balance of power between sellers (bears) and buyers by calculating the difference between the period low and an Exponential Moving Average of the close.
Formula
BearsPower = Low_i - EMA(Close, Period)_i
Inputs
- InpBearsPeriod (default: 13)
See signal primitives and every published strategy that uses Bears Power on WOBR StrategyVerse.