The correct way of using Bears Power Indicator on Pocket Option

In the world of trading, especially in binary options finding the best entry-exit points is very crucial. One of the many tools that can help you find the same is the Bears Power indicator.

In this article, I will help you understand the complete concept of the Bears Power Indicator on Pocket Option plus I will discuss its significance and how you can use this indicator to enhance your trading strategy and increase your trading profit.

 

What is Bears power indicator?

 

Bears power indicator is one of the underrated hidden gem indicators developed by Dr Alexander Elder, renowned trader and author. This indicator is the complete opposite of the Bulls power Indicator designed to measure the strength of a bearish trend and help traders identify potential selling opportunities and reversals.

 

How to apply Bears power indicator on Pocket Option

 

To apply the Bears power indicator on the Pocket Option follow the steps below

 

1> Navigate to the Pocket Option Trading dashboard.

2> Click the indicator at the top of the page.

3> Search and find the Bears power indicator among the list

4> Click the name

5> Make necessary changes based on your trading requirements

 

Note: Make sure to set the default chart to chart to a candlestick as the indicator works best with a candlestick chart.

 

How to use Bears power indicator on Pocket Option

 

Bears Power Indicator is easy to use indicator and you can even try this indicator for free on Pocket Option. In case you still don’t have access to the Pocket Option demo account use this link

 

1> Solo Bears Power: You can surely use a Solo Bears Power Indicator, this indicator uses a single moving average line when the indicator line is below the zero line it signals an upcoming bearish trend.

 

2> Combining Bulls Power and Bears Power: You can even use the combination of Bulls Power and Bears Power indicator when the Bulls Power Indicator is below the zero line it signals an upcoming bearish trend.

 

Note: The best time to place a sell trade will be when both the bear’s and bull’s power line is in a declining position and vice versa when the bull’s and bear’s power line is in a rising position is the best time to place a buy trade.

 

 


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