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

Balance of Power Indicator Buy 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 Signal

When the ##Balance--of--PowerBOP indicator crosses above 0 mark a buy signal is given.

Also when the ++Balance--of--PowerBOP 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 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.

Sell and Buy Signals

How to Generate Buy Signals Using Balance of Power Indicator

Balance of Power Indicator Sell Signal

How to Generate Sell Signal Using Balance of Power Indicator

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

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

Sell Signal

When ++Balance--of--PowerBOP crosses below zero a sell signal is given.

Also when the ##Balance--of--PowerBOP 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.

Sell and Buy Signals

How to Generate Sell Signals Using Balance of Power Indicator