Bears Bulls Impulse, originally known as the the Elder-Ray Index, is a technical indicator developed by Dr. Alexander Elder that measures the amount of buying and selling pressure in a market. This indicator consists of two indicators known as "bull power" and "bear power," which are derived from a 13-period moving average.
Included:
- Various average modes to...
MT4 iTrends ported over.
Adapted Bulls/Bears Power from HPotter indicator. I can't confirm if that represents the iBullsPower/iBearsPower function from MT4.
Do try and provide your feedback !
![EURUSD: Bears Bulls Impulse [Loxx]](https://s3.tradingview.com/p/phP2Rtfc_mid.png "Bears Bulls Impulse [Loxx]")
