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Signals of the Oscillator Bears Power

This module of signals is based on the market models of the oscillator Bears Power. The mechanism of making trade decisions based on signals obtained from the modules is described in a separate section.

Conditions of Generation of Signals

Below you can find the description of conditions when the module passes a signal to an Expert Advisor.

Signal Type

Description of Conditions

For buying

  • Reverse – the oscillator turned upwards and its value at the analyzed bar is below 0.

Bears Power - Buy Signal

 

  • Divergence – the first analyzed bottom of the oscillator is higher than the previous one, and the corresponding price bottom is lower than the previous one. In addition, the oscillator must not rise above the zero level.

Bears Power - Buy Signal

For selling

No signals for selling.

No objections to buying

Value of the oscillator is less than 0.

No objections to selling

No signals.

Note

Depending on the mode of operation of an Expert Advisor ("Every tick" or "Open prices only") an analyzed bar is either the current bar (with index 0), or the last formed bar (with index 1).

Adjustable Parameters

This module has the following adjustable parameters:

Parameter

Description

Weight

Weight of signal of the module in the interval 0 to 1.

PeriodBears

Period of calculation of the oscillator.


Updated: 2015.12.03