OPEN-SOURCE SCRIPT
Indicator: Balance Of Power
**** Code updated. Make sure you pick up the latest version posted (not the code in the published chart) ******
An oscillator that represents the battle between the bulls and the bears in the market.
BOP supports spotting price divergence, trends, and overbought-oversold levels.A change in the BOP trend serves as a warning signal and should be confirmed by a change in the price direction.
More info @ fxtimes.com/glossary/balance-of-power-bop/
[Update: May 07 2014]
Updated the code to match ThinkOrSwim platform's indicator (request from user mika2k1). v2 code here: pastebin.com/9UEDCf86
This allows you to plot only the EMA (instead of actual BOP). Sample image posted in the comments below.
An oscillator that represents the battle between the bulls and the bears in the market.
BOP supports spotting price divergence, trends, and overbought-oversold levels.A change in the BOP trend serves as a warning signal and should be confirmed by a change in the price direction.
More info @ fxtimes.com/glossary/balance-of-power-bop/
[Update: May 07 2014]
Updated the code to match ThinkOrSwim platform's indicator (request from user mika2k1). v2 code here: pastebin.com/9UEDCf86
This allows you to plot only the EMA (instead of actual BOP). Sample image posted in the comments below.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e testarlo. Complimenti all'autore! Puoi usarlo gratuitamente, ma il riutilizzo di questo codice nelle pubblicazioni è disciplinato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
Vuoi usare questo script sui tuoi grafici?
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.