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How to use Bulls Power and Bears Power

As already mentioned, these oscillators are usually displayed on the chart as a line or histogram. The histogram is used more often.

Bulls and Bears Power have a customizable period. The longer the period, the less signals the instrument generates, but they will be more accurate. The shorter the period, the more signals the indicator will give, but many of them will be false.

In most cases, period 13 is used. It is considered optimal in terms of quality and number of signals.

Histograms of oscillators are constantly moving above and below the zero line. Changes in histograms give signals to open a trade.