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Forex Forum → Technical Stuff → Symmetry issue: opposite of BullsPower is BearsPower, not BullsPower

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Posts: 3

Topic: Symmetry issue: opposite of BullsPower is BearsPower, not BullsPower

Hi Popov,

right now EA Studio uses BullsPower for entry and BullsPower for the exit as the opposite symmetric rule and BearsPower for long and for short too. However, both indicators are related with each other - BullsPower and BearsPower are basically one indicator. So if EA Studio creates a strategy with BullsPower for the long entry or short entry, the opposite direction must use BearsPower for perfect symmetry (and vice versa of course). You can also read here to see that both are basically one indicator, but are split in MT4 for whatever reason. They have to be used together to make sense, so the opposite rule for a BullsPower entry, is the BearsPower and vice versa. https://mahifx.com/mfxtrade/indicators/elder-ray-bull-and-bear-power-oscillators

Thank you :-)

Re: Symmetry issue: opposite of BullsPower is BearsPower, not BullsPower

This is a known behavior. The problem is that the Bears Power and the Bills Power indicators formulas are designed to favor the particular direction.

A possible solution is to add a new Bulls Bears Power indicator that fixes the problem. We can also mark the Bulls Power and the Bears Power indicators as not recommended in the Available Indicators list.

3 (edited by geektrader 2019-01-10 18:26:49)

Re: Symmetry issue: opposite of BullsPower is BearsPower, not BullsPower

Yes, it would be good to simply have them as opposite indicators like it is supposed to be, and you are right, it might be best to solve this by making a "Bulls Bears Power" indicator that combines both as a oscillator with 2 lines, one for short, the other for long, if you can´t add the "BullsPower" as the opposite of "BearsPower" in EA Studio when it creates strategies (guess it must be the same indicator-name for the opposite rule right now, right?).

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