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allan nathan
2012-09-20 04:41:00


Is the QS BOP indicator the same as the Worden BOP?
It has very different values from Worden

Allan


QuantShare
2012-09-20 10:46:22

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The formula for BOP (Balance of Power) is:
bop1 = (close - open) / (high - low);

Maybe Worden BOP uses a moving average to smooth that time-series.
bop1 = sma((close - open) / (high - low), 14);


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