Bull bear power
Bull power plus bear power: which side is reaching further from the average.
Formula
BBP = (High − EMA) + (Low − EMA)
How to read it
Above zero the bulls reach further; below, the bears.
How to use it
A one-line read of which side controls the bars, relative to the trend average.
In Kereon
Charts · Superchart. Default 13, drawn as a histogram.
Also called: bbp.