Bull And Bear Balance Indicator by Vadim Gimelfarb
This new indicator analyzes the balance between bullish and bearish sentiment.
Every day at the stock exchanges, a battle is waged between the buyers (“bulls”), who are trying to push prices up, and the sellers (“bears”), who want to push prices down. The end of the day sees a higher or lower price compared to the day before, depending on who wins, while the intermediate results and the maximum and minimum prices show the course of the battle during the day. Since the shifting of power between the bulls and the bears is one of the first signs of a probable turn of trend, the task of estimating this balance has often drawn the attention of stock market analysts, who offer varying solutions.
THE ELDER-RAY INDICATOR
The most popular method of estimating this power struggle between the bulls and the bears is the Elder-ray indicator, which was developed and described by technician Alexander Elder.