what is elder ray index indicater

Re: What is elder ray index indicater

INTRODUCTION :



Hello friends umeed ha ap sab thek ho ga or ap sab ke trading bhi achi ja rahe ho ge agar ap sab ak kamyab trader banna chata ha to ap ko trading ka bara ma kar patter, indecator sab ka bara ma janna zaroori ha agar ap sai sa forex ko ni samj saka to ap is market ma kamyab ni ho sako ga. Is liya ag ap profit gain kar na chata ha to ap ko har topic ka bara ma pata hona zaroori ha aj ma ap ka sath ak forex sa related topick share karo ga jis ko samaj ka ap ak acha profit hasil kar saka ga. Aj ka jo topic ma ap ko batao ga os ka name ha elder ray index indecator ha.







WHAT IS ELDER-RAY INDEX INDICATOR :







Dosto ya ak technical indecator hota ha is ko use kar ka hum market ka buying or selling pressure ko janta ha yani ya indecator humare madad karta or huma batat ha ka market ma buy ke trade lagana wala kitna traders ha or sell ke trade lagana wala kitna traders ha. Ya indecator do or indecator sa mil kar banta ha ak power bull or dosra bear power. Bul indecator ma market uptrend ka bara ma batate ha yani ya bull power ma huma batate ha ka market ma buyer traders ka pressure kitna ha. Or bear power huma market sell pressure ka bara ma batat ha. Ya bull power or dear power 13 period ma hota ha or ya indicator exponential moving average ko use karta ha ya janna ka liya or traders ko batatna ka liya ka market ma traders na buy ke trade enter karne ha ya sell ke.







UNDERSTANDING ELDER-RAY INDEX INDICATOR :





Ya technical indecator ha jo market ka bull or bear power ka bara ma batata ha is indecator ma asa hota ha ka ya indicator market ka chart ma ak long high ya log low banata ha is ma asa hot ha ka ya traders ko batata ha ma ab market bull banay ge ya bear ya demand or supply par bhi depend kar rahe hote ha. Is indecator keadad sa hum ak long buy ma trade enter karta ha ya ak long sell banata ha. Is indecator ko use kar ka traders bahot be acha profit karta ha.






ELDER-RAY INDEX CALCULATION :





Bull Power=Period High−13 Period EMA

Bear Power=Period Low−13 Period EMA

where:

Period High and Period Low=High or low price for the
time period used, such as a daily chart or a 1-hour chart
EMA=Exponential Moving Average






IMPORTANT ELDER-RAY INDEX INDICATOR :

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1:



Is elder ray index indecator ko dr, Alexander elder na banaya tha or ya huma batat ha ka market ka selling pressure or buy ka pressure ka bara ma.



2:


Ya huma market ka trend ka bara ma batat ha ka traders na kon se trade lagane ha sell ke ya buy ke.


3:


Ya indicator market ka chart ma ak long bull banate ha or ak long bear banate ha jis ko dakh kar traddrs trade emter karta ha.

Re: What is elder ray index indicater

Elder Ray Index

Contents
The Elder Ray Index is designed to measure the amount of buying and selling power in a market. It has both a bullish and bearish component, which are plotted as two separate indicators. One is termed “bull power” while the other is called “bear power”.
The bull power indicator functions by showing the relation between the daily high and an n-period exponential moving average. The bear power indicator functions by showing the relation between the daily low and an n-period exponential moving average.
Uses of the Elder Ray Index

Traders will generally use the bull power and bear power indicators in tandem. Trade signals can be generated by looking for cases when the two both communicate bullish or bearish signs.
For example, a long position might be taken under the following circumstances:
1) Bear power’s value is negative but increasing (i.e., becoming less bearish)
2) Bull power’s value is increasing (i.e., becoming more bullish)
Thus, it is inherently trend-following.
A short position might be taken in the event of the following:
1) Bull power’s value is positive but decreasing (i.e., becoming less bullish)
2) Bear power’s value is decreasing (i.e., becoming more bearish)
Traders can also plot an exponential moving average (EMA) of equal periodicity to the bull and bear power indicators to confirm the trend. A positively sloped EMA would signal a bias in favor of bullish trades. A negative sloped EMA would signal a bias in favor of bearish trades.
Examples of the Elder Ray Index

Example #1: Bullish Trades

Below is an example of the S&P 500 daily chart where the Elder Ray Index indicators are both plotted. The bull and bear components are both set to a 21-period, as is the EMA. (21 periods cover an entire month’s worth of previous data, with approximately 21 trading days per month.)
Two bullish trades are taken based on the criteria above. The bear power’s value (bottom window) is negative but increasing while the bull power’s value (middle window) is increasing.

The trade signals are each encapsulated by boxes and marked by arrows.
The first trade was invalidated by the next candle and was a loser. The second trade lasted another five days before the indicators began declining again (marked by the dashed yellow line) and was a strong winner.
Example #2: Bearish Trades

Here we have an example of bearish trades taken on WTI crude oil.
These fit the criteria of bull power’s value being positive but decreasing with bear power’s value decreasing as well. The trade range for each is marked by the two yellow boxes. The first candle in the box denotes where the trade would have been first opened and the last candle where the trade was closed.

Re: What is elder ray index indicater

Dear!
Forex market main entry lainay say pehlay har aik traders k liye yeh baat bahut ziada important hoty hai k uska trading plan kia hai, market main long term trader hai ya phir short term trader hai yeh sab kuch confirm karnay k baad agar ham market main entr hotay hain to ham tab he acha result aur profit ko mumkin bana saktay hain. Forex trading main traders ka mined is hisaab say set hona chaye k usay kitna profit hasil karna hai weekly basic pay karna hai ya daily basic pay, ya usay aik year k baad market main apnay work ka result daikhna hai yeh sab kuch agar aik trader apnay mined main rkahtay hwuay trading karta hai to yahi uska sab kuch strategy aur goal ban sakta hai.