What is Bulls Power Indicator Buy Signal and Sell Signal?

Bulls Power Indicator Buy Signal

How Do I Generate Buy Signal Using Bulls Power Indicator

Steps on how to generate buy signals using Bulls Power indicator:

This Bulls Power indicator buy signal guide explains how to generate buy signals using the Bulls Power indicator as illustrated below:

Buy Signal

A buy signal is generated when Bulls Power oscillator moves above Zero.

In an upwards trend, the HIGH is higher than EMA, so the Bulls Power is above zero & Histogram Oscillator is located above zeroline.

How to Generate Buy Signals Using Bulls Power Indicator

Exit Signal

If the HIGH falls under Exponential Moving Average then it means that the prices are beginning to drop, the Bulls Power histogram falls below zeroline.

The Triple Screen technique for this technical indicator suggests that spotting the price trend on a higher chart time-frame interval (like daily chart timeframe) and applying the bulls power on a lower chart time-frame interval (like hourly chart timeframe). Trading Signals are traded according to the indicator but only in direction of the long term trend in the higher chart timeframe.

How to Generate Buy Signals Using Bulls Power Indicator

Bulls Power Indicator Sell Signal

How Do I Generate Sell Signal Using Bulls Power Indicator

Bulls Power Indicator is used to Generate Buy Signals Only

How to Generate Sell Signals Using Bulls Power Indicator