NinjaTrader 7 Indicators - Elder's Ray, BullPower and BearPower
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NinjaTrader 7 Indicators
Indicators in this section are compatible with NinjaTrader 7

Elder's Ray, BullPower and BearPower 5 *
In this pack there are three indicators:
- Elder's Ray: composed by BullPower line and BearPower line;
- BullPower only, histogram version
- BearPower only, histogram version

This is an oscillator created by Alexander Elder and explained in his famous book "Trading For a Living". The oscillator formula is simple but useful at the same time:
- BullPower = CurrentHigh - EMA(13, Close)
- BearPower = CurrentLow - EMA(13, Close)

Category NinjaTrader 7 Indicators 
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Details: Elder's Ray, BullPower and BearPower
Category: NinjaTrader 7 Indicators 

July 14th, 2015
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Keywords: elder indicator ninjatrader oscillator ray elderray


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