Skip to content

ElderRay.md

Latest commit

 

History

History
24 lines (18 loc) · 573 Bytes

ElderRay.md

File metadata and controls

24 lines (18 loc) · 573 Bytes

Elder Ray Index (Bull Power / Bear Power)

The Elder Ray Index is a trend-following indicator that measures the strength of bulls and bears in the market.

Formula

  • Bull Power = High − EMA
  • Bear Power = Low − EMA

Parameters

  • period (default: 13): Period for EMA

Usage Example

import { ElderRay } from '../src/elder-ray';

const elderRay = new ElderRay();
const result = elderRay.nextValue(high, low, close);
// result: { bull, bear }

Returns

An object with the following properties:

  • bull: Bull Power value
  • bear: Bear Power value