Description
The Ray study comprises two indicators: Bull Power and Bear Power. The Bull Power indicator shows the difference between the High price and EMA of the Close price. The Bear Power indicator shows the difference between the Low price and EMA of the Close price.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the price moves. |
Plots
| Plot | Description |
|---|---|
BullPower
|
The Ray Bull Power indicator. |
BearPower
|
The Ray Bear Power indicator. |
ZeroLine
|
Zero level. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.