The standard Bears Power indicator is calculated as the difference between the Low price and the exponential moving average (EMA) based on the Close prices. The standard Bulls Power indicator is calculated as the difference between the High and EMA prices at the Close prices.

This indicator allows you to:

• calculate Bears Power or Bulls Power,
• choose one of 6 ways to average the moving average: simple (SMA), exponential (EMA), smoothed (SMMA), linear-weighted (LWMA), double exponential (DEMA), triple exponential (TEMA),
• calculate the moving average based on any combination of 4 main prices: Close, Open, High and Low.

Input parameters:

• Power – Bears or Bulls);
• Period – the period of the moving average;
• Moving Average mode-the method of averaging: simple (Simple, SMA), exponential (Exponential, EMA), Smoothed (Smoothed, SMMA), Linear Weighted (Linear Weighted, LWMA), Double exponential (Double Exponential, DEMA) or triple exponential average (Triple Exponential, TEMA);
• Close – the weight factor of the CLOSE price for calculating the individual price;
• Open-the OPEN price weighting factor for calculating the individual price;
• High – the HIGH price weighting factor for calculating the individual price;
• Low – the LOW price weighting factor for calculating the individual price.

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Example 1. Calculate the moving average for the OPEN price: Close=0, Open=1, High=0, Low=0.
Example 2. Calculate the moving average for the WEIGHTED price: Close=2, Open=0, High=1, Low=1.
Example 3. Calculate the moving average for an individual price constant: Close=6, Open=7, High=1, Low=3. Price=(6*Close 7*Open 1*High 3*Low)/17.

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