What is Balance of Power Buy Trading Signal and Sell Signal?

Balance of Power Buy Trading Signal

How to Generate Buy Trading Signal Using Balance of Power Indicator

Steps on how to generate buy signals using Balance of Power indicator:

This BOP indicator buy trading signal guide explains how to generate buy signals using the Balance of Power as is shown below:

Buy Signal

When the Balance of Power trading indicator crosses above 0 mark a buy signal is given/generated.

Also when the Balance of Power is rising, the market is in an upwards trend, some traders use this as a buy trading signal but it's best to wait for the confirmation by the indicator moving above zero mark. As this will be a buy signal in bearish territory and this type of market trading signal is much more likely to be a fake out.

How Do I Generate Buy Trading Signals Using Balance of Power Indicator? - What are Balance of Power Buy & Sell Signals?

Sell and Buy Trading Signals

How to Generate Buy Trading Signals Using Balance of Power Indicator

Balance of Power Sell Trade Signal

How to Generate Sell Signal Using Balance of Power Indicator

Steps on how to generate sell trading signals using Balance of Power indicator:

This BOP indicator sell signal guide explains how to generate sell trade signals using the Balance of Power just as is shown below:

Sell Signal

When Balance of Power(BOP) crosses below zero mark a sell signal is given/generated.

Also when the (BOP) is declining, the market is in a downwards trend, some traders use this as a sell trading signal but it's best to wait for a confirmation signal by moving below the zero mark because this will be a sell signal in bullish territory and this type of market trading signal is more likely to be a whipsaw.

How to Generate Sell Signals Using Balance of Power - How to Interpret/Analyze Balance of Power Indicator