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
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
Inggin menggunakan skrip ini pada chart?
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
Pernyataan Penyangkalan
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