Elder Ray Explained: Bear Power Isn’t Seller Count
Summary
Hollow Point Trading shares a Meta IEX historical replay explaining why Elder Ray Bear Power can fall below zero without representing a count of sellers. The example uses completed five-minute bars from October 8, 2026, and a 13-period close EMA to clarify how the indicator measures price distance.
https://youtu.be/hdkQAMm92HE
META Elder Ray: bear power can be below zero without counting selle...
Bear Power is a price distance, not a count of sellers. This historical Meta IEX replay uses completed five minute bars from October eighth, twenty twenty six. We declare a thirteen period close EMA seeded at the first available close. At the highlighted bar, the EMA is approximately seven eighteen point six seven dollars. The high is seven sixt...
