Compounded % Gains Since Inception in 2003  3003%
[Member Login]

21 Day Free Trial!
  • Daily Stock Picks
  • Instant Email Alerts
  • Daily Commentary
  • Daily Annotated Charts
  • Real-Time Portfolio
  • Expert Advice.  
  • Personal Trade Journal
Click Here to Sign-up 

StockTradersHQ 
FREE Newsletter
Trading insights, tips, and strategies from our expert technical traders.
5 Second Sign-up
Just your e-mail
  

STHQ 2013 Winners 

Click here to view charts

Follow Us 

  

< Return to Glossary
 

Elder-Ray Index

A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as "bull power" and "bear power". These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA). 

Bull Power = Daily High - n-period EMA
Bear Power = Daily Low - n-period EMA
(source: Investopedia.com)
Copyright © 2003-2017 StockTradersHQ.com is owned and operated by The Winners Edge a subsidiary of DMC Systems LLC. All rights reserved.  This web site is optimized for Internet Explorer 5.0 or greater! DISCLAIMER articles bulletins charts

^Top^