Should I use Bears Power on its own?

It is not designed for that. Elder's Ray is a two-part system: Bears Power measures how far sellers reach below a baseline, Bulls Power how far buyers reach above it. Either half in isolation describes one side of a market that has two. The Builder's Elder Ray template holds both for exactly this reason.

What does a positive Bears Power mean?

That even the bar's low stayed above the EMA baseline — sellers could not push price down to its own recent average at any point in the bar. It is a genuinely strong bullish reading and comparatively rare, which makes 'falling while still positive' more informative than the sign alone.

Why does Bears Power have no applied-price setting in MT5?

Because the MQL5 signature dropped it. iBearsPower takes only symbol, timeframe and MA period — the EMA baseline is on the close and the measurement is from the low. MT4's version did accept an applied price, so a ported strategy loses that argument with no error.

Bears Power or a plain momentum oscillator?

They answer different questions. A netted oscillator such as MACD tells you the balance of the two sides; Bears Power tells you the depth one side reached, regardless of who won the bar. That makes it a confirmation tool — useful for asking whether an apparent trend has real selling behind it, less useful as a standalone trigger.

Can I build a Bears Power EA without coding?

Yes. The Elder Ray template wires both Bears and Bulls nodes into Compare nodes against zero, with the period as an EA input — and because both live in the same flow, a genuine two-sided rule needs nothing extra. Divergence is the exception and requires custom MQL5.

How should I validate settings before going live?

Backtest on quality tick data first, then run the EA on a demo account before risking money. When optimising, hold back data the search never saw and prefer settings that stay profitable across periods over the single in-sample peak — chasing that peak is overfitting the noise. No default or preset here is a performance promise; every value is a starting point to re-validate on your own pair and broker.

Bears Power for MT5 traders

What Bears Power tells you

Bears Power reports how far below a moving baseline the sellers managed to drive the bar, using the low rather than the close. Like its counterpart it is deliberately one-sided: on its own it says how hard sellers pressed, not whether they won.

Below zero: sellers pushed the low past the baseline
Above zero: even the low stayed above it — unusual, and a strong bullish reading
Falling while still positive: buying pressure is fading

1 Take an EMA of the close over 13 bars
2 Subtract it from the bar's low
3 Draw the difference around zero

Tampilkan rumus & detail perhitungan

Bears Power mirrors its counterpart exactly, measuring downward reach instead of upward:

Compute an exponential moving average of the close over the chosen period — 13 bars by default.
Subtract it from the current bar’s low: Bears Power = Low − EMA(Close, 13).
Draw the result as a histogram around zero on buffer 0.

Using the low rather than the close is what separates this from an ordinary momentum reading. The close records where the bar finished after both sides had spent themselves; the low records the deepest point sellers reached at any moment during it. Measuring that depth against a lagging average asks how hard sellers pressed, not whether they succeeded — a bar can close higher while Bears Power records a serious excursion below the baseline.

The reading is unbounded and scales with the instrument, so a value of −0.0011 on EUR/USD and −4.6 on an index can describe equally strong selling. Only the sign, the direction of change, and the comparison against Bulls Power transfer between symbols.

In MQL5 the call is iBearsPower(symbol, period, ma_period) and it returns a handle to a single buffer. There is no applied-price argument — MT4’s version had one and MT5’s does not. Alexander Elder introduced the Elder-Ray system, of which this is one half, in Trading for a Living.

Sinyal

Sinyal yang dapat di-backtest dari Bears Power — dan kondisi pasar yang cocok untuk masing-masing.

Zero-Line Position

Siap di Builder

Kondisi: Bears Power sits above or below zero
Kondisi terbaik: Trending markets
Penggunaan umum: Confirm that sellers can still reach past the baseline

Turning Down Above Zero

Siap di Builder

Kondisi: The histogram falls while still positive
Kondisi terbaik: Trend exhaustion
Penggunaan umum: Read fading buying pressure before price turns

Paired With Bulls Power

Siap di Builder

Kondisi: Bears below zero while Bulls is also falling
Kondisi terbaik: Trend start
Penggunaan umum: Use both halves of Elder's Ray as one condition

Divergence

Logika lanjutan

Kondisi: Price makes a new low, Bears Power does not
Kondisi terbaik: Trend exhaustion
Penggunaan umum: Anticipate a stall before price confirms

Implementasi MT5

Apa yang benar-benar dihitung dan digambar MetaTrader 5 — acuan bagi setiap aturan di halaman ini.

Buffer

Indeks	Buffer	Digambar di MT5 sebagai	Isinya
0	MAIN_LINE	Histogram	Low minus the EMA of the same period, drawn as a histogram around zero. Negative means sellers pushed the bar below the baseline. One buffer and one colour — MT5 does not recolour the bars that cross to the positive side, and there is no signal line to cross.

Catatan platform

Fungsi MQL5

iBearsPower

Applied price

Indikator ini tidak menerima argumen applied price.

Di Builder

MT5's iBearsPower takes only a symbol, timeframe and MA period — the EMA baseline is fixed to the close and the measurement is always against the bar's low, so there is no applied price to select. The MT4 version did take one; the MT5 signature does not.

Catatan implementasi

iBearsPower publishes one buffer, so a rule is one node plus a Compare against zero.
The Builder's Elder Ray template holds both Bears Power and Bulls Power in the same flow, so a two-sided rule needs nothing extra.
'Turning down while still positive' needs the current value against a previous one; the node's shift parameter makes that two nodes plus a Compare.
Divergence needs swing-high/low detection across several bars and requires custom MQL5.

Bekerja paling baik / gunakan dengan hati-hati

Tidak ada indikator yang merupakan keunggulan universal. Inilah di mana Bears Power membantu — dan di mana ia menyesatkan.

Bekerja paling baik

Alongside Bulls Power
Trending markets
Higher timeframes
As a confirmation rather than a trigger

Gunakan dengan hati-hati

Read entirely on its own
Comparing values across instruments
Very short baseline periods
Optimised periods without validation

Buat strategi Bears Power

Hubungkan sinyal ke aturan masuk dan keluar, lalu ekspor EA MT5 yang dapat dikompilasi — tanpa kode.

Bears Power (13)
Bulls Power (13)
Bears Power below zero → Open Sell · SL 40 / TP 80
Bulls Power above zero → Open Buy

Gabungkan Bears Power dengan indikator lain

Satu indikator jarang berdiri sendiri. Kombinasi ini menutupi titik buta Bears Power.

Bears Power + Bulls Power

Bears Power below zero
Bulls Power above zero
Two-sided rule

Mengapa: Read both halves of Elder's Ray together, which is how the system was designed — one side alone only ever tells half the story
Kondisi terbaik: Trending

Buat strategi ini →

Bears Power + Moving Average

Price < MA
Bears Power turning down
Sell

Mengapa: Add the trend direction Elder's system assumes you already have, since Bears Power measures pressure rather than direction
Kondisi terbaik: Trend continuation

No single-flow template pairs Bears Power with a moving average. Start from Elder Ray and add an MA node with a Price node into a Compare.

Buka Builder →

Bears Power + RSI

RSI < 50
Bears Power below zero
Sell

Mengapa: Cross-check one-sided pressure against a bounded momentum gauge, so a deep low with no follow-through is not read as a trend
Kondisi terbaik: Trending

No single-flow template pairs Bears Power with RSI. Start from Elder Ray and add an RSI node with a Compare at 50.

Buka Builder →

Parameter

Nilai awal untuk divalidasi pada pasangan dan timeframe Anda sendiri — bukan pengaturan yang dijamin.

Parameter	Default	Rentang uji yang disarankan	Fungsinya
Period	13	8–21	Length of the EMA baseline the low is measured against. Elder's 13 is the standard; shorter makes the baseline track price so closely that the reading hovers near zero.
Level	0	—	Your level, not an indicator input. Zero marks the baseline itself; other levels have no built-in meaning.
Shift	0	0–3	Which bar back the value is read from. Shift 1 compares against a fully closed bar.

Preset awal

Reactive 8 Baseline tracks price closely

Standard 13 Elder's default baseline

Slow 21 Larger, rarer excursions

Contoh pasar

Di mana Bears Power bekerja, di mana ia gagal, dan bagaimana filter mengubah hasilnya.

Berhasil

Both halves agree

Bears Power holds below zero while Bulls Power fades toward it — sellers are reaching past the baseline and buyers are losing their reach.

Gagal

One side read alone

Bears Power is negative during an uptrend simply because the bar's low sits under a lagging EMA. Without the other half the reading looks bearish and is not.

Difilter

Trend filter supplies direction

With a moving-average condition attached, the same negative readings inside an uptrend are all skipped — pressure and direction are different questions.

Indikator terkait

Bulls Power Lihat panduan →

RSI Lihat panduan →

Moving Average Lihat panduan →

FAQ

Should I use Bears Power on its own?: It is not designed for that. Elder's Ray is a two-part system: Bears Power measures how far sellers reach below a baseline, Bulls Power how far buyers reach above it. Either half in isolation describes one side of a market that has two. The Builder's Elder Ray template holds both for exactly this reason.
What does a positive Bears Power mean?: That even the bar's low stayed above the EMA baseline — sellers could not push price down to its own recent average at any point in the bar. It is a genuinely strong bullish reading and comparatively rare, which makes 'falling while still positive' more informative than the sign alone.
Why does Bears Power have no applied-price setting in MT5?: Because the MQL5 signature dropped it. iBearsPower takes only symbol, timeframe and MA period — the EMA baseline is on the close and the measurement is from the low. MT4's version did accept an applied price, so a ported strategy loses that argument with no error.
Bears Power or a plain momentum oscillator?: They answer different questions. A netted oscillator such as MACD tells you the balance of the two sides; Bears Power tells you the depth one side reached, regardless of who won the bar. That makes it a confirmation tool — useful for asking whether an apparent trend has real selling behind it, less useful as a standalone trigger.
Can I build a Bears Power EA without coding?: Yes. The Elder Ray template wires both Bears and Bulls nodes into Compare nodes against zero, with the period as an EA input — and because both live in the same flow, a genuine two-sided rule needs nothing extra. Divergence is the exception and requires custom MQL5.
How should I validate settings before going live?: Backtest on quality tick data first, then run the EA on a demo account before risking money. When optimising, hold back data the search never saw and prefer settings that stay profitable across periods over the single in-sample peak — chasing that peak is overfitting the noise. No default or preset here is a performance promise; every value is a starting point to re-validate on your own pair and broker.

Glossary

Istilah kunci

Exponential Moving Average Backtest Overfitting