The BOP indicator measures the power of buyers to push prices to higher highs against the power of sellers to send prices to lower lows. These marks denote times and prices, which allow an investor to measure the strength of buying and selling pressure - this being where there are either more buy/sell orders or sell/buy orders, respectively.īOPs were created in 2001 by Igor Levshin after he first introduced the idea in the August issue of “Technical Analysis of Stocks & Commodities” magazine. One such technical indicator, though not as common as its contemporaries, is the balance of power indicator (BOP).īalance of Power (BOP) indicators are a form of market technical analysis chart, an oscillating graphicwhich denotes high and low marks in a wave pattern (kind of like a soundwave, for example). Candlestick markers are used in many different forms of trade analysis, found on TRIX, KST, and MACDindicators, as well as many others. While they use many different graphical signals to represent highs, lows, and times to buy/sell, one of the most commonly used are called candlestick markers which in the industry are simply called candlesticks. Technical analysis indicators are used throughout the financial industry to allow both investors and brokers alike to better understand price movements. What is Balance of Power (BOP) Indicator: Measure the Strength of Buying and Selling Pressure
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |