ELDER-RAY DVD ( INCLUDING GST 18%)

By Elder A
MRP: Rs.3,835.00
Price in points: 3835 points
Reward points: 1 point
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The Elder Ray Index is designed to measure the amount of buying and selling power in a market. It has both a bullish and bearish component, which are plotted as two separate indicators. One is termed “bull power” while the other is called “bear power”.

The bull power indicator functions by showing the relation between the daily high and an n-period exponential moving average. The bear power indicator functions by showing the relation between the daily low and an n-period exponential moving average.

Traders will generally use the bull power and bear power indicators in tandem. Trade signals can be generated by looking for cases when the two both communicate bullish or bearish signs.

For example, a long position might be taken under the following circumstances:

1) Bear power’s value is negative but increasing (i.e., becoming less bearish)

2) Bull power’s value is increasing (i.e., becoming more bullish)

Thus, it is inherently trend-following.

A short position might be taken in the event of the following:

1) Bull power’s value is positive but decreasing (i.e., becoming less bullish)

2) Bear power’s value is decreasing (i.e., becoming more bearish)

Books

Author:
Elder A
Condition Type:
NEW
Publisher:
ELDER A

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