Dear friends, Elder ray index ko specially market ki selling aur buying power ko find karnay kay liay banaya gia hay, yeh both bullish aur bearish component kay tor par work karta hay, aik technical indicator hay jo Alexander Elder nay develop kia, ye indicator market main buying aur sellers kay pressure ko measure karta hay, is main two indicators combine hotay hain jin main say aik ko Bull power aur dusray ko Bear power kaha jata hay,
Characteristics of bull and bear power used Elder Ray index indicator:
Bull power function ko daily high aur n period exponential moving average kay relation say indicate kia jata hay, isi tarha bear function ko daily low aur n period exponential moving average kay relation say indicate kia jata hay,
ye 13 periods exponential moving average say derived hotay hain aur 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,
How elder ray index indicator works:
Trader bull power aur bear power ko show karnay waly indicators ko tandem ma use kartay hain, yeh indicator trend following system kay liay design kia gia hay, traders is main bull aur bear power ki values ko use kartay hain, jab bear power rise kar rahi hoti hay aur iski value zero say down hoti hay to trade kay liay long positions define ho jati hain, is main bull power ki latest peak previous peak say up hoti hay, is main short position ko us waqt consider kia jata hay jab bull power ki positive value down fall kar rahi ho aur bears power ka recent low previous low say ziada low ho, jab bull power positive aur bear power negative territory main enter ho jay to iska matlab hota hay kay sellers ka market per control aa gia hay aur agr bear power positive territory main enter ho to yeh buyers kay market per control ko show karta hay,
Trading strategy based on this indicator:
is main pehlay hamain bull power maloom karna hoti hay jo perticular period ki high price main say 13 period EMA ko subtract kar kay hasil hoti hay, us kay baad bear maloom kartay hain jo period ki low price main say 13 EMA ko subtract kar kay hasil hoti hay, yeh baat note karni chaiay kay elder ray index small time frames main use nhi kia ja sakta kiun kay is nay daily high aur daily low ko measure karna hota hay, Jab market kay higher highs main bull power lower highs banay yani bull power indicator aur price kay darmian bearish divergence banay to yeh strong sell ka signal hota hay, isi tarah buy main trading order place karnay kay liay ham daikhain kay ager EMA slope up main hay aur price EMA say above ho, aur bear power bar previous bar say higher ho to buy main trade open karain,
Characteristics of bull and bear power used Elder Ray index indicator:
Bull power function ko daily high aur n period exponential moving average kay relation say indicate kia jata hay, isi tarha bear function ko daily low aur n period exponential moving average kay relation say indicate kia jata hay,
ye 13 periods exponential moving average say derived hotay hain aur 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,
How elder ray index indicator works:
Trader bull power aur bear power ko show karnay waly indicators ko tandem ma use kartay hain, yeh indicator trend following system kay liay design kia gia hay, traders is main bull aur bear power ki values ko use kartay hain, jab bear power rise kar rahi hoti hay aur iski value zero say down hoti hay to trade kay liay long positions define ho jati hain, is main bull power ki latest peak previous peak say up hoti hay, is main short position ko us waqt consider kia jata hay jab bull power ki positive value down fall kar rahi ho aur bears power ka recent low previous low say ziada low ho, jab bull power positive aur bear power negative territory main enter ho jay to iska matlab hota hay kay sellers ka market per control aa gia hay aur agr bear power positive territory main enter ho to yeh buyers kay market per control ko show karta hay,
Trading strategy based on this indicator:
is main pehlay hamain bull power maloom karna hoti hay jo perticular period ki high price main say 13 period EMA ko subtract kar kay hasil hoti hay, us kay baad bear maloom kartay hain jo period ki low price main say 13 EMA ko subtract kar kay hasil hoti hay, yeh baat note karni chaiay kay elder ray index small time frames main use nhi kia ja sakta kiun kay is nay daily high aur daily low ko measure karna hota hay, Jab market kay higher highs main bull power lower highs banay yani bull power indicator aur price kay darmian bearish divergence banay to yeh strong sell ka signal hota hay, isi tarah buy main trading order place karnay kay liay ham daikhain kay ager EMA slope up main hay aur price EMA say above ho, aur bear power bar previous bar say higher ho to buy main trade open karain,