– Even when using Bulls Power and Bears Power at the same time, you need to add trend indicators. Most often oscillators are combined with EMA. There is even a comprehensive indicator that consists of these three tools. It’s called “Elder-ray”.
The fact is that Bulls and Bears Powers do not always accurately reflect the trend. In addition, they may contain outdated data on the asset price, and therefore give inaccurate signals
Use additional tools of technical analysis to filter false signals and increase the efficiency of trade.
– Bulls Power and Bears Power can be used to analyze any asset: currency pairs, raw materials, securities, etc.
