What is Bulls Power?
Bulls Power is an indicator for reversal. This indicator helps finding the reversal points of price. You can use Bulls Power to analyse the market buy-in ability and give estimate about price movement.
How to set up Bulls Power in Olymp Trade
In the Indicator Tab, choose Bulls Power. You can see the Bulls Power as an orange line.
At the same time, you will see a 0 line in the middle of the chart. This 0 line almost always lies below the orange line. Only when the price goes down dramatically, the orange line cuts the 0 line.
How to use Bulls Power to trade in Olymp Trade
Because Bulls Power shows the buy-in ability, the upward trend can be recognized easily with this indicator.
Watch closely when the orange Bulls Power line cuts 0 line. This is the moment when you can buy a long-term UP.
Note: You should not use Bulls Power indicator to estimate for short-term orders or DOWN in Olymp Trade due to high risk.
You can try using Bulls Power indicator with DEMO account in Olymp Trade.
Wish you success!