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Total Power Indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=65595
Forum: 48 · Topic 65595 · 1 post(s)
Total Power Indicator
Alexander.Gettinger · Sat Jan 06, 2018 6:26 pm
Total Power Indicator or Improving Elder Ray Indicator
Power = Abs (BearCount - BullCount)100 / Lookback Period; BearPower = BearCount100/ Lookback Period; BullPower = BullCount*100/Lookback Period ;
The components of this indicator we get, if we count the Elder Ray Indicator components Within the Lookback Period.
But only if Elder Ray Bull is greater than 0, and Elder Ray Bear is less than 0.
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