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Elder's Ray, BullPower and BearPower
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
Details:
Elder's Ray, BullPower and BearPower
Category:
NinjaTrader 7 Indicators
July 14th, 2015
Size: 7.55 KB
Downloaded: 597 times
Keywords:
elder
indicator
ninjatrader
oscillator
ray
elderray
1642
endystrike
View Download Details
August 30th, 2015 02:56 AM
gpinto
Nice thanks
July 16th, 2015 02:47 AM
cooldo
Nice, but maybe bars were more clear than lines. Look picture.
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