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Balance Of PowerThe balance of power (BOP) indicator measures the strength of the bulls vs. the bears by assessing the ability of each to push price to an extreme level. BOP was developed not to be a range-bound indicator, so it is as sensitive at extreme points as it is at other levels. Every day, bulls and bears compete with each other in the marketplace. The idea behind the BOP calculation is to assign a score for both bulls and bears based on their daily performance related to price movement Syntax:Public Function BalanceOfPower(ByVal HLOCV()() As Double, ByVal SmoothMethod As axltaMovingAverageType, ByVal Lag As Long) As Double Parameters:
Example:
Dim TA4Net As New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE") Dim Result() As Double Dim HLOCV(,) As Double
' loading values to array HLOCV = GetHLOCVValues() ' calculating Technical Analysis function Result = TA4Net.BalanceOfPower(HLOCV, TA4Net.axltaMovingAverageType.axltaMovExponential, 14)
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