Bull & Bear Power Separados

📄 English Description for TradingView
Bull & Bear Power – Elder Style

This indicator displays the strength of buyers (Bull Power) and sellers (Bear Power) separately, based on Alexander Elder’s original concept.

It uses a 13-period Exponential Moving Average (EMA) as the baseline, calculating:

Bull Power = High – EMA

Bear Power = Low – EMA

✔️ Bull Power (green) shows buying pressure.
✔️ Bear Power (red) shows selling pressure.

Great for analyzing true market momentum and spotting early signs of potential trend reversals.

Can be used as confirmation together with moving averages (e.g., MMA30 and MMA50) or price action signals.

✅ On 1H gold charts (XAUUSD), it has shown solid behavior in filtering entries during clear trends.

Developed and shared for educational purposes by El Bit Criollo.