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Balance of Power (BOP)

Balance of Power (BOP) indicator measures the ability of bulls and bears to push the market to extremes. This indicator generates sell trade signals when the oscillator goes below 0 and buy trade signals when the oscillator goes above 0.

Tip: Use during sideways markets or to confirm trends with reversed signals.

Interface

Supported license & Trade types

Supported License

Supported Trade Types

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Spot trading

Simple license

Margin trading

Advanced license

Leverage trading

General Settings

  • Exchange Website to monitor

  • Currency Pair to monitor for trade signals

  • Update Speed

  • Trade Signals

Tip: The exchange doesn't have to be the same exchange you are currently trading on.

Indicator Settings

  • Length

    • Length of the smoothing SMA

  • Buy Threshold

    • When the calculation result is equal or below this value, the indicator will generate a buy signal.

  • Sell Threshold

    • When the calculation result is equal or above this value, the indicator will generate a sell signal.

Usage

Users can use this indicator with another indicator for stronger trade signals.