What's Bears Power Indicator Forex Buy Signal and Sell Signal?
Bears Power Forex Indicator Buy Signal
How to Generate Forex Buy Signal Using Bears Power Indicator
Bears Power is used to Generate Sell Signals Only
Bears Power Forex Indicator Sell Signal
How to Generate Forex Sell Signal Using Bears Power Indicator
Steps on how to generate forex sell signals using Bears Power indicator:
This Bears Power indicator sell signal tutorial explains how to generate forex sell signals using the Bears Power indicator as illustrated below:
Sell Signal
A sell signal gets generated when oscillator moves below Zero.
In a down trend, the LOW is lower than Exponential MA, so the indicator is below zero & Oscillator is located below zero line.
How to Generate FX Sell Signals Using Bears Power Indicator
Exit Signal
If the LOW moves above the Exponential MA then it means that the price are starting to rise, the histogram rises above zero line.
The Triple Screen method for this technical indicator suggests identifying the price trend on a higher chart interval (like daily time-frame) and applying the bears power signals on a lower chart interval (like hourly time-frame). Signals are traded according to the lower time frame but only in the direction of the long term trend in the higher timeframe.
How to Generate FX Sell Signals Using Bears Power Indicator
