The balance of power indicator measures the strength of the bulls vs. bears by assessing the ability of each to push price to an extreme level.
BOP(1)[0] > 0 indicates the bar is green while BOP(0)[0] < 0 indicates the bar is red.
In the indicator, BOP(2)[0], BOP(3)[0], BOP(4)[0] are used as they are more sensitive to the trend change.
** Enable BOPindicator and BOPStrategy together to make you more understandable what is going on.
In BOPStrategy, you are required to fill the quantity for each order is taken and the action you want to be (Buy, Sell, Both).
| Created By | soon123 |
| NinjaTrader Version | 8 |
| File Size | 7.0 KB |
| Create Date | 09/29/2020 |
| # of Downloads | 790 |
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- Select the downloaded file from your desktop
Questions?
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