How Do You Read Balance of Power Indicator Buy Signal & Sell Signal?

BOP Indicator Buy Signal

How Do You Read Buy Signal Using Balance of Power Indicator?

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

This Balance of Power indicator buy signal tutorial explains how to read buy signals using the Balance of Power indicator as shown below:

Buy Signal

When the BOP indicator crosses above zero a buy signal is given.

Also when the BOP is rising, the market is in an upward trend, some traders use this as a buy signal but it's best to wait for the confirmation by indicator moving above 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 & Buy Signals

How Do I Read Buy Signals Using Balance of Power Indicator

BOP Indicator Sell Signal

How Do You Read Sell Signal Using Balance of Power Indicator?

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

This Balance of Power indicator sell signal tutorial explains how to read sell signals using the Balance of Power indicator as shown below:

Sell Signal

When BOP crosses below zero a sell signal is given.

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

Sell and Buy Signals

How Do I Read Sell Signals Using Balance of Power Indicator