Hello Deriv Community,
Bulls Power is an indicator in the MetaTrader 5 (MT5) trading platform that measures the strength of buying pressure in the market. It shows the difference between the highest and the current close price of a financial instrument over a specified period of time. The Bulls Power indicator is used to identify potential bullish (buy) signals, and traders often use it in conjunction with other technical indicators to confirm their trades.
To find the Bulls Power indicator in the MetaTrader 5 (MT5) trading platform, follow these steps:
- Open the MT5 platform and access the chart of the financial instrument you want to trade.
- Go to “Insert” in the top menu bar, then select Indicators, and then "oscillators
- The Bulls Power indicator will appear in the lower panel of your chart, and you can customize it by adjusting the parameters, such as the period, shift, and applied price.
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