Momentum

Bull Bear Power

BBP

Combines Bull Power (high minus EMA) and Bear Power (low minus EMA) into a single line equal to (high + low) − 2×EMA. Positive readings mean bulls are pushing both the high and low above the EMA; negative means bears are dominant.

Tips

Elder uses Bull/Bear Power as a confirmation filter: only take buy signals when Bear Power is negative but rising

Large positive spikes often coincide with exhaustion tops; look for shrinking Bull Bear Power as a trailing sell trigger

Parameters

Period

2 - 100