Discussion of article "Learn how to design a trading system by Bear's Power"

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New article Learn how to design a trading system by Bear's Power has been published:

Welcome to a new article in our series about learning how to design a trading system by the most popular technical indicator here is a new article about learning how to design a trading system by Bear's Power technical indicator.

First, we need to understand what we need the program to do to organize our steps, so, we need the computer to check two values every tick, and that will be after creating these values for sure, these values are current Bear's Power and previous Bear's Power. We need the program to check these values to decide which one is greater than the other. If the current one is greater than the previous, we need the program or the expert to return a signal of comment on the chart with the following:

  • Bear's Power is rising
  • Bear's Power Value
  • Bear's Power Previous Value

We need to appear every value in a separate line. 

The other scenario is if the current Bear's Power value is greater than the previous one, we need the expert advisor to return a comment also with the following values and each value in a separate line:

  • Bear's Power is declining
  • Bear's Power Value
  • Bear's Power Previous Value.

So, the following is a step-by-step blueprint for this strategy to create a trading system.

Bear's Power Movement blueprint

Author: Mohamed Abdelmaaboud

 
Hello
Thank you
I like the principle, having certainly, like many people, tried to find a way of measuring the force of a movement.
I find the approach a little simple but it's already a basis
It might be interesting to study some backtest results to see what's wrong and keep what's right?

What I find 'flawed' is measuring only the negative bars on one side and subtracting it from an EMA which takes into account all the bars, positive and negative

Thank you for this article.
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