StockFetcher Forums · General Discussion · Balance of Power indicator<< 1 2 >>Post Follow-up
kramer62
8 posts
msg #39850
- Ignore kramer62		 1/1/2006 4:13:46 PM

how can i use this indicator ? it is not available in the Filter Builder.
kramer62
8 posts
msg #39869
- Ignore kramer62		 1/2/2006 2:36:52 PM

is there a combination or equation for it?
garryp
39 posts
msg #39893
- Ignore garryp		 1/3/2006 9:43:24 AM

I *think* BOP is an unpublished proprietary indicator of TC2000 software. It is related to but different from AD, as I recall.
kramer62
8 posts
msg #39900
- Ignore kramer62		 1/3/2006 11:36:59 AM

i already got the equation for AmiBroker,, and as i recall i saw it once in a forum for MetaStock.
i.e. it is spread out.
garryp
39 posts
msg #39912
- Ignore garryp		 1/3/2006 6:49:04 PM

Can you share the manner of calculation for BOP?
yepher
359 posts
msg #39919
- Ignore yepher		 1/3/2006 11:09:12 PM

Although this is not working yet here is the basic idea behind the balance of power indicator. I think it is over the SF set limit. I tried on professional and regular account and neither returned any results.

Fetcher[
/*Balance Of Power - BOP*/

/*THL:=If(H-L=0,.00001,H-L);*/
set{tempTHL, high - low}
set{THL, max(tempTHL, .00001)}


/* create some helper vars */
set{ hmo, high - open}
set{ hmc, high - close}

set{ oml, open - low}
set{ omc, open - close}

set{ cml, close - low}
set{ cmo, close - open}

/* BuRBoC:=(C-L)/(THL); */
set{BuRBoO, hmo / THL}

/* BeRBoO:=(O-L)/(THL); */
set{BeRBoO, oml / THL}


/* BuRBoC:=(C-L)/(THL); */
set{BuRBoC, cml / THL}

/* BeRBoC:=(H-C)/(THL); */
set{BeRBoC, hmc / THL}


/* BuRBoOC:=If(C>O,(C-O)/(THL),0);; */
/* my make shift if */
set{myIf_cao, count(close above open, 1)}
set{tempBuRBoOC, cmo / THL }
set{BuRBoOC, tempBuRBoOC * myIf_cao}


/* BeRBoOC:=If(C>O,0,(O-C)/(THL)); */
/* my make shift if */
set{myIf_oac, count(open above close, 1)}
set{tempBeRBoOC, omc / THL}
set{BeRBoOC, tempBeRBoOC * myIf_oac}

/* Create typical 1 */
set{aarg1, BuRBoO + BuRBoC}
set{aarg2, aarg1 + BuRBoOC}
set(typical1, aarg2 / 3}

set{barg1, BeRBoO + BeRBoC}
set{barg2, barg2 + BeRBoOC}
set{typical2, barg2 / 3}

set{BOP, typical1 - typical2}

draw BOP
]





Here is the working version from Metastock.

THL:=If(H-L=0,.00001,H-L);
{Reward Based on the Open}

BuRBoO:=(H-O)/(THL);
BeRBoO:=(O-L)/(THL);
{Reward Based on the Close}

BuRBoC:=(C-L)/(THL);
BeRBoC:=(H-C)/(THL);
{Reward Based on the Open-Close}

BuRBoOC:=If(C>O,(C-O)/(THL),0);
BeRBoOC:=If(C>O,0,(O-C)/(THL));
BOP:=(BuRBoO+BuRBoC+BuRBoOC)/3 - (BeRBoO+BeRBoC+BeRBoOC)/3;
BOP



-- Yepher
yepher
359 posts
msg #39932
- Ignore yepher		 1/4/2006 2:51:03 PM

Fixed a couple of typos:

Fetcher[
/*Balance Of Power - BOP*/

/*THL:=If(H-L=0,.00001,H-L);*/
set{tempTHL, high - low}
set{THL, max(tempTHL, .00001)}


/* create some helper vars */
set{ hmo, high - open}
set{ hmc, high - close}

set{ oml, open - low}
set{ omc, open - close}

set{ cml, close - low}
set{ cmo, close - open}

/* BuRBoC:=(C-L)/(THL); */
set{BuRBoO, hmo / THL}

/* BeRBoO:=(O-L)/(THL); */
set{BeRBoO, oml / THL}


/* BuRBoC:=(C-L)/(THL); */
set{BuRBoC, cml / THL}

/* BeRBoC:=(H-C)/(THL); */
set{BeRBoC, hmc / THL}


/* BuRBoOC:=If(C>O,(C-O)/(THL),0);; */
/* my make shift if */
set{myIf_cao, count(close above open, 1)}
set{tempBuRBoOC, cmo / THL }
set{BuRBoOC, tempBuRBoOC * myIf_cao}


/* BeRBoOC:=If(C>O,0,(O-C)/(THL)); */
/* my make shift if */
set{myIf_oac, count(open above close, 1)}
set{tempBeRBoOC, omc / THL}
set{BeRBoOC, tempBeRBoOC * myIf_oac}

/* Create typical 1 */
set{aarg1, BuRBoO + BuRBoC}
set{aarg2, aarg1 + BuRBoOC}
set{typical1, aarg2 / 3}

set{barg1, BeRBoO + BeRBoC}
set{barg2, barg1 + BeRBoOC}
set{typical2, barg2 / 3}

set{BOP, typical1 - typical2}

draw BOP
]
yepher
359 posts
msg #39954
- Ignore yepher		 1/4/2006 11:51:14 PM

Here is the working version or BOP:

Fetcher[
/*Balance Of Power - BOP*/

set{THL, high - low}

set{ hmo, high - open}
set{ hmc, high - close}

set{ oml, open - low}
set{ omc, open - close}

set{ cml, close - low}
set{ cmo, close - open}

set{BuRBoO, hmo / THL}

set{BeRBoO, oml / THL}

set{BuRBoC, cml / THL}

set{BeRBoC, hmc / THL}


set{myIf_cao, count(close above open, 1)}
set{tempBuRBoOC, cmo / THL }
set{BuRBoOC, tempBuRBoOC * myIf_cao}


set{myIf_oac, count(open above close, 1)}
set{tempBeRBoOC, omc / THL}
set{BeRBoOC, tempBeRBoOC * myIf_oac}

set{aarg1, BuRBoO + BuRBoC}
set{aarg2, aarg1 + BuRBoOC}
set{typical1, aarg2 / 3}

set{barg1, BeRBoO + BeRBoC}
set{barg2, barg1 + BeRBoOC}
set{typical2, barg2 / 3}

set{BOP, typical1 - typical2}

draw BOP
close above 1
and volume above 500000
]



-- Yepher
mktmole
325 posts
msg #40016
- Ignore mktmole		 1/6/2006 2:44:16 PM

How would it be possible to display these total overall positive and negative raw Bull and Bear Power numbers? ( the more positive the greater the Bull..the more negative etc.etc

Thanks
yepher
359 posts
msg #40019
- Ignore yepher		 1/6/2006 5:53:44 PM

Not exactly sure what you are asking. Maybe adding this is what you are looking for?

"AND add column BOP"

-- Yepher
StockFetcher Forums · General Discussion · Balance of Power indicator<< 1 2 >>Post Follow-up

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