+1 (307) 227-6611

Free risk tools

Elder ray calculator

How far buyers and sellers pushed the price away from its average, and whether that times an entry.

Free, no sign-up On sale: Desk and Desk + Signals. See the plans

  • Free
  • No sign-up
  • Nothing you type is stored

The bars

Oldest first. Three numbers per bar, bars split by semicolons: 2358 2328.8 2333.5; 2334.5 2285.6 2301.4
Bars in the exponential average; 13 is Elder's setting.

Bull and bear power

The average is rising: the trend is up, with no dip to buy on the last bar.

The last bar
Bull power +40.78 (was +40.29), bear power +16.58 (was +20.09), against a 13-bar average of 2,357.92 that is rising.
How it is read
Bull power is how far buyers pushed the high above the average; bear power is how far sellers pushed the low below it. Alexander Elder traded only with the slope of the average and used the two powers to time entries.
Read it with care
A setup is a timing hint, not a reason on its own: the stop and the size still decide what one trade can cost.

Bull and bear power on the last bars. The last bar is marked.

BarClose priceBull powerBear power
7 ago2,349.70+26.31+9.51
6 ago2,356.20+30.75+14.05
5 ago2,344.80+26.74+8.14
4 ago2,362.50+29.91+6.51
3 ago2,374.90+36.12+16.72
2 ago2,381.30+38.00+21.60
1 ago2,376.40+40.29+20.09
Last2,395.20+40.78+16.58

Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning

Want this check on every trade?

Educational only, not financial advice; trading involves risk.

An X-ray of the bar

Alexander Elder's Elder ray takes a 13-bar exponential average of the closes as the market's fair value. Bull power is the high minus that average, bear power is the low minus it. In an up trend he looked for bear power below zero but rising, a dip that is losing force; in a down trend for bull power above zero but falling.

See the average on its own with the moving average calculator, check momentum with the MACD calculator, and size the trade with the position size calculator.

Not advice. Arithmetic on the bars you type; an indicator describes the past bars, not the next one.

Next tools

All free tools

Pricing

Three ways in. Pick yours.

Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.

Test your trading idea free

No spam. Unsubscribe anytime.

Educational only, not financial advice; trading involves risk.

or join us on Telegram