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

Balance of Power Buy Trading Signal

How to Create Buy Signals with 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:

Buy Signal

A buy signal is generated/issued when the Balance of Power trading indicator moves across the 0 mark in an upward direction.

When the Balance of Power (BOP) starts rising, the market's trending up. Some traders jump in and buy right away, but honestly, it's smarter to wait until the indicator actually moves above zero. That's a proper buy signal in a bearish area, but signals like this are more likely to end up being whipsaws.

Create Buy Signals with Balance of Power Indicator - Balance of Power Buy and 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 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 region and this type of market trading signal is more likely to be a whipsaw.

Sell Signals with Balance of Power - Read the Indicator