Balance of Power (BOP) Indicator
Summary
The Balance of Power (BOP) in its simplest form is equivalent to (Close – Open) / (High – Low). The BOP is given to us by Igor Livshin.
Screen Shots
Usage
A default value of 14 is given for the smoothing average, this can be edited at the time the indicator is applied to the chart.
Downloads
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Happy Trading!
Tags: Balance of Market Power, Balance of Power, BMP, BOP, Igor Livshin
209 Responses to “Balance of Power (BOP) Indicator”
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