SAPSAN TRADE: Ultimate BOP Momentum

SAPSAN TRADE: Ultimate BOP Momentum

The Ultimate BOP Momentum indicator is a powerful tool designed to identify strong market momentum using the Balance of Power (BOP) concept. It combines multiple filters and conditions to provide high-probability buy and sell signals. This indicator is ideal for traders who want to spot market turning points and trend continuation moments with confidence.

Features:
BOP Calculation: Measures the strength of buyers versus sellers on each candle.
Smoothed BOP: Provides a clearer view of momentum trends.
Volume & Range Filters: Ensures signals occur during significant market moves.
Momentum Filter: Confirms the direction over multiple bars.
Trend Filter: Aligns signals with the overall trend for higher accuracy.
Divergence Detection: Spots bullish and bearish divergences for potential reversals.
Confirmation Bars: Allows optional multi-bar confirmation for signals.
Visual Signals: Displays buy (▲) and sell (▼) signals on the chart, with color-coded backgrounds and threshold lines.
Alerts: Built-in alerts for automatic notifications when buy or sell conditions are met.

Inputs:
Timeframe: Choose the timeframe for BOP calculation.
BOP+ / BOP- Thresholds: Customize sensitivity for bullish and bearish signals.
Volume Filter: Toggle to require above-average volume for valid signals.
Range Filter: Toggle to require above-average candle range for valid signals.
Momentum Filter: Sets the number of bars to confirm directional momentum.
Confirmation Bars: Number of consecutive bars confirming the signal.
Trend Filter: Toggle to align signals with the trend.
Divergence Detection: Toggle to enable bullish/bearish divergence signals.

Usage:
Buy Signals: Occur when momentum, trend, volume, and range conditions align, or when bullish divergences are detected.
Sell Signals: Occur when momentum, trend, volume, and range conditions align, or when bearish divergences are detected.
Ideal for crypto, stocks, and forex markets.

Note:
Always combine this indicator with your own risk management and analysis. Signals are tools to assist your trading decisions, not guaranteed outcomes.