What is this indicator?
Shows the market's dominant pressure by separating buyer strength (Bull Power) and seller strength (Bear Power) relative to an EMA. Both values falling at once during an uptrend can signal weakness in the trend.
How to read the chart
The indicator moving toward the ends of its range usually signals overbought or oversold conditions; a divergence between price and the indicator is also considered an important signal.
Practical tip
Instead of trading purely off reaching an overbought or oversold zone, first check the overall trend on a higher timeframe and only take signals that align with it.