The Balance of Power (BOP) indicator was described by Igor Livshin and measures the strength of the bulls vs bears by assessing the ability of each to push price to an extreme level. The BOP oscillates between extremes of -1 and +1.
Balance of Power - indicator MetaTrader 5 Balance of Power, introduced by Igor Livshin, attempts to measure the strength of buyers vs. sellers by assessing the ability…
Point of Balance - indicator MetaTrader 5 From Walter Downs’ article "From Terms To Technical Tools" he introduces the Point of Balance Oscillator, two conditions to color…
