Elder Bear Power
Elder Bear Power in Amibroker measures the strength of bearish momentum in the market. Utilizing the Amibroker data feed, this indicator helps traders assess the downward pressure and strength of bearish trends.
/_SECTION_BEGIN("Elder Bear Power.afl");
Graph1Style = styleLine;
Graph1Color=16;
Graph1 = Low - EMA(Close,13);
_SECTION_END();
_SECTION_BEGIN("Elder Bull Power.afl");
Graph0Style = styleLine;
Graph1Style=styleLine;
Graph0Color=12;
Graph1Color=5;
Graph0 = High - EMA(Close,13);
_SECTION_END();