Balance of Power (BOP)

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Balance of Power (BOP)

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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.




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.





Indicator source data (?)


The smoothing period





// 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.