The Balance of Power indicator measures the market strength of buyers against sellers by assessing the ability of each side to drive prices to an extreme level.
Traders may use this indicator to help:
Identify the direction of a trend.
Find divergences between the price and the BoP in order to identify a potential trend reversal or trend continuation setup.
Take advantage of overbought and oversold conditions.
Balance of Power.lua- (5.53 KiB) Downloaded 97 times
