Ray

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.

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