Dear friends, Elder Ray Index aik technical indicator hay jo Alexander Elder nay develop kia, Ye both bullish or bearish component kay tor par work karta ha, ye indicator market main buying aur sellers kay pressure ko measure karta hay, yeh 13 periods exponential moving average sa derived hotay hain, ye traders ko trend ki direction ko janchnay main help daitay hain, is kay ilawa trade main entry aur exit kay points ko bhi identify karta hay,
Main features and calculations of elder ray index:
is main two indicators combine hotay hain jin main sa aik ko bull power aur dusray ko bear power kaha jata ha, ye 13 periods exponential moving average sa derived hotay hain, ye traders ko trend ki direction ko janchnay main help daitay hain, is kay ilawa trade main entry aur exit kay points ko bhi identify karta hay, bull power function ko daily high or n period exponential moving average kay relation sy show kiya jata ha, same is he tarha bear function ko daily low aur N period exponential moving average kay relation sy indicate kiya jata ha, elder ray index ka formula ye hota ha,
Bull power = Daily high - EMA (n periods)
Bear power = Daily low - EMA (n periods)
Basic components of Elder ray index:
indicator kay two components hain,
1. Bull Power
2. Bear Power
Is kay ilawa indicator ka main part Exponential moving average hay jo iski calculation kay liye must hay, bull power ki calculation kay liye pair ki high price main say exponential moving average ko subtract karain gay, Bear power ki calculation bhi very simple hay. Is kay liye hamain exponential moving average main say iski lowest price ko minus karna hota hay, indicator kay main components hi asal main trading kay liay use karny hoty hain. Bull power positive jab kay bear power negative rehti hay, ye 13 periods exponential moving average sa derived hotay hain, ye traders ko trend ki direction ko janchnay main help daitay hain, is kay ilawa trade main entry aur exit kay points ko bhi identify karta hay,
Trade techniques of elder ray index using EMA Slope:
EMA ki slope ko use kar kay trend ki direction ki confirmation kartay hain, traders ko bull aur bears signal daikh kar EMA ki anticipated direction main moment ka wait karna hota hay aur us kay baad trade execute karain, bear ki trade ko open karnay kay liay bhi kuch baton ko mind main rakhna chaiay, pehli yeh kay bull power ki value positive ho but ye decrease kar rahi ho. Second ye kay bear power ki value decrease kar rahi ho. Trader ko mazeed ye karna chaiay kay equal periods ki exponential moving average ko bull aur bear power indicator ma use karna chaiay, kai baar EMA already perticular direction main move kar rahi hoti hay jis kay baad bull aur bear power trade kay confirming signal provide kartay hain
Main features and calculations of elder ray index:
is main two indicators combine hotay hain jin main sa aik ko bull power aur dusray ko bear power kaha jata ha, ye 13 periods exponential moving average sa derived hotay hain, ye traders ko trend ki direction ko janchnay main help daitay hain, is kay ilawa trade main entry aur exit kay points ko bhi identify karta hay, bull power function ko daily high or n period exponential moving average kay relation sy show kiya jata ha, same is he tarha bear function ko daily low aur N period exponential moving average kay relation sy indicate kiya jata ha, elder ray index ka formula ye hota ha,
Bull power = Daily high - EMA (n periods)
Bear power = Daily low - EMA (n periods)
Basic components of Elder ray index:
indicator kay two components hain,
1. Bull Power
2. Bear Power
Is kay ilawa indicator ka main part Exponential moving average hay jo iski calculation kay liye must hay, bull power ki calculation kay liye pair ki high price main say exponential moving average ko subtract karain gay, Bear power ki calculation bhi very simple hay. Is kay liye hamain exponential moving average main say iski lowest price ko minus karna hota hay, indicator kay main components hi asal main trading kay liay use karny hoty hain. Bull power positive jab kay bear power negative rehti hay, ye 13 periods exponential moving average sa derived hotay hain, ye traders ko trend ki direction ko janchnay main help daitay hain, is kay ilawa trade main entry aur exit kay points ko bhi identify karta hay,
Trade techniques of elder ray index using EMA Slope:
EMA ki slope ko use kar kay trend ki direction ki confirmation kartay hain, traders ko bull aur bears signal daikh kar EMA ki anticipated direction main moment ka wait karna hota hay aur us kay baad trade execute karain, bear ki trade ko open karnay kay liay bhi kuch baton ko mind main rakhna chaiay, pehli yeh kay bull power ki value positive ho but ye decrease kar rahi ho. Second ye kay bear power ki value decrease kar rahi ho. Trader ko mazeed ye karna chaiay kay equal periods ki exponential moving average ko bull aur bear power indicator ma use karna chaiay, kai baar EMA already perticular direction main move kar rahi hoti hay jis kay baad bull aur bear power trade kay confirming signal provide kartay hain