Balance of Power (BOP)

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Balance of Power (BOP)

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Description

The balance of power (BOP) indicator measures the strength of the bulls vs. bears by assessing the ability of each to push price to an extreme level.

 

 

Syntax

BOP(int smooth)
BOP(ISeries<double> input, int smooth)

 

Returns default value
BOP(int smooth)[int barsAgo]
BOP(ISeries<double> input, int smooth)[int barsAgo]

 

 

Return Value

double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.

 

 

Parameters

input

Indicator source data (?)

smooth

The smoothing period

 

 

Example

ns

// Prints the current value of BOP using default price type and 3 period smoothing
double value = BOP(3)[0];
Print("The current BOP value is " + value.ToString());

 

 

Source Code

You can view this indicator method source code by selecting the menu New > NinjaScript Editor > Indicators within the NinjaTrader Control Center window.