Online help system - Bulls Bears Powers
Bulls Bears Powers
Under construction!
Introduction
Calculation
Parameters
Logic - from this dropdown box we chose the logic of using of the indicator. The possible logics are:
- The indicator value is rising.
We have a signal buy when the current bar value of the indicator is higher than the previous bar value. And we have a signal sell when the current bar value of the indicator is lower than the previous bar value. - The indicator value is falling.
We have a signal buy when the current bar value of the indicator is lower than the previous bar value. And we have a signal sell when the current bar value of the indicator is higher than the previous bar value. - The indicator value is greater than Level.
We have a signal buy when the current bar value of the indicator is higher than the specified Level value. And we have a signal sell when the current bar value of the indicator is lower than the specified Level value. - The indicator value is lower than Level.
We have a signal buy when the current bar value of the indicator is lower than the specified Level value. And we have a signal sell when the current bar value of the indicator is higher than the specified Level value. - The indicator value crosses the Level line from below.
We have a signal buy when the current bar value of the indicator is higher than the specified Level value and the previous indicator value is lower than the Level value. And we have a signal sell when the current bar value of the indicator is lower than the specified Level value and the previous indicator value is higher than the Level value. - The indicator value crosses the Level line from above.
We have a signal buy when the current bar value of the indicator is lower than the specified Level value and the previous indicator value is higher than the Level value. And we have a signal sell when the current bar value of the indicator is higher than the specified Level value and the previous indicator value is lower than the Level value. - The indicator value changes from downward to upward.
We have a signal buy when the current bar value of the indicator is higher than the previous bar value and the previous indicator value is lower than the indicator value of the bar before the previous one. And we have a signal sell when the current bar value of the indicator is lower than the previous bar value and the previous indicator value is higher than the indicator value of the bar before the previous one. - The indicator value changes from upward to downward.
We have a signal buy when the current bar value of the indicator is lower than the previous bar value and the previous indicator value is higher than the indicator value of the bar before the previous one. And we have a signal sell when the current bar value of the indicator is higher than the previous bar value and the previous indicator value is lower than the indicator value of the bar before the previous one.
Smoothing Method - During the calculating of the Bulls Bears Powers, the Forex Strategy Builder uses Moving Averages to smooth the values. From here we can chose the calculation method of the MA.
- Simple - Simple Moving Average.
- Weighted - Weighted Moving Average.
- Exponential - Exponential Moving Average.
- Smoothed - Smoothed Moving Average.
Base Price - the base price for calculating the indicator.
- Open - the first price for the bar.
- High - the highest price for the bar.
- Low - the lowest price for the bar.
- Close - the last price for the bar.
- Median - (High + Low)/2.
- Typical - (High + low + Close)/3.
- Weighted - (High + low + 2*Close)/4.
Use previous bar value - when we open a position on price different than Price Close or Day Close, we have to mark this check box. This guarantees us that at the time of opening we use the correct indicator's value.
Default parameters: