The correct way of using Bulls Power on Pocket Option

 

In world of the financial market, traders often use and rely on trading tools that can help them identify upcoming trends and reversals.

One tool that can help you with the same is the Bulls Power Indicator.

You can find and use this indicator on the Pocket Option trading platform for free.

This indicator is a free-to-use tool which means you can even use this indicator on the Pocket Option demo chart.

If you are looking for the complete info regarding the Bulls Power Indicator and how you can use them effectively on Pocket Option.

I am glad you came to this page, In this article, I will share everything related to the Bulls Power indicator on Pocket Option and how you can find quality trading signals using the same.

 

What is Bulls Power Indicator?

The Bulls power indicator is a Momentum oscillator that helps traders analyse the strength of the buyer’s or bull’s force in the market.

Alexander Elder developed this indicator to measure the strength of the bullish trend. This indicator measures the highest price and a 13-period EMA.

Talking about the Indicator composition, This indicator is made from a moving average line that oscillates around a zero line also known as a midline.

When the moving average line is above the zero line it means buyers were able to keep the highest price above the EMA.

Similarly, When the moving average line is below zero it means sellers were able to drive the price below the EMA.

I will explain everything you further in this article how you can use these opportunities and place trades using the same,

How to find and apply the Bulls power indicator on the Pocket Option?

 

 

 

 

As I said above,  The Bulls Power Indicator is a free-to-use trading tool and you can even use this indicator on Pocket option demo account.

In the Pocket option demo account, you will get $10,000 in virtual chips via which you can practice and apply different trading strategies for free.

In case you don’t have a Pocket option demo account yet, use this link.

Once you have signed up you will land on the Pocket Option trading dashboard.

Next, click on the indicator button at the top of the page and find the Bulls power indicator in the list.

Lastly, apply the necessary amendments based on your trading requirements you can also change the indicator line colour and the time period.

Make sure to use the Bulls power indicator with the candlestick chart.

To apply the candlestick chart, click the chart button at the top of the page.

 

How to use the Bulls power indicator on the Pocket option?

 

As I mentioned above, When the Bull power indicator line or moving average line is above midline it means that the buyers were able to keep the highest price above the Ema. You can assume this opportunity as a bullish trend and place a buy trade accordingly.

 

 

Similarly, When the moving average line is below zero or midline it means that the sellers were able to keep the price below the EMA and you can use this opportunity to place a sell trade.

 

 

 

 


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