You will notice on your charts that the Bulls and Bears Power indicators can both display negative or positive values. What we are looking at with the Bulls Power and Bears Power indicators is the distance between the EMA and the high/low. This corresponds with the influence of the bulls/bears to continue to push price past the EMA. These indicators are the work of Alexander Elder, and are described quite well by their names. If the Bears Power indicator is above zero, it means buyers were able to keep the lowest price above the EMA. Bears Power is a fully …