Balance of Power (BOP)
Created by Igor Levshin, the Balance of Power (aka Balance of Market Power) is a momentum oscillator that depicts the strength of buying and selling pressure. [Discuss] 💬
// usage IEnumerable<BopResult> results = quotes.GetBop(smoothPeriods);
int - Number of periods (
N) for smoothing. Must be greater than 0. Default is 14.
Historical quotes requirements
You must have at least
N periods of
quotes to cover the warmup periods.
quotes is a collection of generic
TQuote historical price quotes. It should have a consistent frequency (day, hour, minute, etc). See the Guide for more information.
- This method returns a time series of all available indicator values for the
- It always returns the same number of elements as there are in the historical quotes.
- It does not return a single incremental indicator value.
- The first
N-1periods will have
nullvalues since there’s not enough data to calculate.
DateTime - Date from evaluated
double - Balance of Power
See Utilities and helpers for more information.
Results can be further processed on
Bop with additional chain-enabled indicators.
// example var results = quotes .GetBop(..) .GetSlope(..);
This indicator must be generated from
quotes and cannot be generated from results of another chain-enabled indicator or method.