Bulls Power Index is often used together with its twin indicator, Bears Power Index. It is an oscillator measuring the strenght of the buyers in the market. Bulls Power Index is calculated as the difference between the high and the exponential moving average for the given period (default setting is 13 periods). It is recommended that the Bears/Bulls Power Index indicators are used in conjunction with another trend indicator. If the trend indicator generates the sell signal, it is further confrimed by the Bulls Power if it is above zero, but falling.
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