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Bears Power

A technical analysis indicator for generating buying signals. The Bears Power indicator consists of a zero line and a Bears Power index on the chart. The Bears value is calculated as subtracting the 13-period exponential moving average from the lowest price. It is often used together with trend indicators such as moving averages.If the trend indicator indicates upward price movement while the Bears Power index is below zero but increasing in value, a buy signal is generated.

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eToro Forex Trading

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