he task of indicator is to assess the pressure of sellers on the ability of buyers to raise price even higher. In order to take the most recent data into account, Bulls Power calculates the exponential moving average, line of which shows the balance of interests, and the value of indicator estimates the maximum price, that is, at the current moment active buyers (bulls) have shifted balance to their side.
For each bar, Bulls Power indicator is calculated as the difference between the maximum price and value EMA(13).
For each bar, Bulls Power indicator is calculated as the difference between the maximum price and value EMA(13).
