Balance of power (BOP) to plot graph and strategy

The balance of power indicator measures the strength of the bulls vs. bears by assessing the ability of each to push price to an extreme level.

BOP(1)[0] > 0 indicates the bar is green while BOP(0)[0] < 0 indicates the bar is red.

In the indicator, BOP(2)[0], BOP(3)[0], BOP(4)[0] are used as they are more sensitive to the trend change.

** Enable BOPindicator and BOPStrategy together to make you more understandable what is going on.

In BOPStrategy, you are required to fill the quantity for each order is taken and the action you want to be (Buy, Sell, Both).

Created By soon123
NinjaTrader Version 8
File Size 7.0 KB
Create Date 09/29/2020
# of Downloads 781

Importing to NinjaTrader 8 is Easy!

To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:

  1. Download the app or add-on file to your desktop
  2. From the NinjaTrader Control Center window, select the menu Tools > Import > NinjaScript Add-On…
  3. Select the downloaded file from your desktop


Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.