Bears Power - traditional general approach

Bears Power is used to estimate power of the Bears (Sellers). Bears Power estimates the balance of power between the bulls and bears. This indicator aims at identifying if a bearish trend will continue or if the price has reached a point where it might reverse. A sell signal is generated when the oscillator moves below Zero. In a down trend, the LOW is lower than EMA, so the Indicator is below zero and Histogram/Oscillator is located below zero line. Exit Signal: if the LOW moves above the EMA then it means that price are starting to rise, the Indicator histogram rises above the zero line.