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

Balance of Power Indicator Buy Trading Signal

How to Generate Buy Signal Using Balance of Power Indicator

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

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

Buy Trade Signal

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

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

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

Sell and Buy Signals

How to Generate Buy Signals Using Balance of Power Indicator

Balance of Power Indicator 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 indicator as shown below:

Sell Trading Signal

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

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

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