Indicators: Balance of Power

[Automated-Trading]

Balance of Power:

The Balance of Power (BOP) indicator was described by Igor Livshin and measures the strength of the bulls vs bears by assessing the ability of each to push price to an extreme level.

Author: Nikolay Panev

[Sergey Golubev]

Balance of Power Indicator

[lippmaje]

This indicator has a flaw in that the indicator histogram is not colorized correctly and shows missing bars (MT5 Build 2007/2072/etc).

Link to a fixed version can be found here: https://www.mql5.com/en/forum/315390#comment_12008399

(fixed, follow link to get fixed indicator)

[SamuelSilver]

Is this indicator available in mtf?

Thank you