Bulls Power (Elder-ray)
Category: momentum
Measures the balance of power between buyers and sellers by calculating the difference between the current high price and an Exponential Moving Average.
Formula
BullsPower = High - EMA(price_close, period)
Inputs
- InpBullsPeriod (default: 13)
See signal primitives and every published strategy that uses Bulls Power (Elder-ray) on WOBR StrategyVerse.