C320up Bear Power
“The Bears Power oscillator was developed by Alexander Elder. It measures the difference between the lowest price and a 13-day ( ), plotted as a histogram. If the Bears Power indicator is below zero, it means sellers were able to drive price below the . If the Bears Power indicator is above zero, it means buyers were able to keep the lowest price above the . Bears Power is a fully unbounded oscillator with a base value of 0 and has no lower or upper limit. The indicator is often used in combination with other signals.” ~ TradingView
You can customise the colours of this indicator or change from histogram to area, line, etc., or a combination of these.
The default colours are Green (Bulls) for above zero, and Red (Bears) for below zero.
This indicator is not to be confused with Elder’s , which uses and .