What is Bears Power?
Bears Power is an indicator that signs the reversal. This indicator helps us determine the movement of price and points that trend reverses. You will use Bears Power to analyse market’ sell-out ability and give estimate about price’s movement.
How to set up Bears Power in Olymp Trade
At Indicator tab, choose Bears Power. You will see Bears Power indicator as a purple line. At the same time, you will see the 0 line in the middle. The 0 line almost always lies above the purple line. The purple line only cuts the 0 line or lies above it when price increases dramatically.
How to use Bears Power in Olymp Trade
Because Bears Power shows sell-out ability, a downward trend can be easily recognized by observing this indicator.
With traders who prefer to use this indicator, they often open long-term DOWN when the purple Bears Power line cuts 0 line from above the 0 line. To buy a safe and high winning probability trading, you should only use Bear Power for long-term DOWN.
You can try this special indicator with DEMO account in Olymp Trade. Register here!