Description

Balance of Power is an indicator reflecting strength of the buyers versus sellers measured by the ability of each to push prices to extreme levels. Positive values of the indicator signify an uptrend, while negative ones signify a downtrend.


Formula

Array[] = (Close – Open) / (High – Low)


Interpretation

Rising Balance of Power indicates upward trend, declining BOP signals downward trend.

inteliCharts - Balance of Power
inteliCharts Predictive Analytics - Calculating Most Probable Future Stock Prices
  • Neural network architecture
  • Quantitative processing
  • Long term forecasting
  • Intraday probability channels