Bulls and Bears

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Welcome to currency trading with Profiforex!
This video is devoted to the "Bulls Power" indicator.
To apply this indicator to the chart, press the "Indicators" button on the toolbar and choose "Oscillators" - "Bulls power."

Subsequently, the window in which we change the indicator properties appears.Here we can choose the averaging period, averaging method, make visualization settings, and set the fixed maximum and fixed minimum.

When we're choosing the method, we specify the prices to which the indicator will be applied.These are open prices,close prices, maximums, minimums and their different combinations.

This indicator is seldom used, and according to the official version of the developers it measures the relative strengths of bulls and bears. 

However, it has shown bad results during testing, which is why we don't recommend its use. Or, you might use it after thorough testing.

This indicator opposite to the above is "Bears power," which can be imposed on the chart by pressing "Indicators" button on the toolbar
and then "Oscillators" - "Bears power."