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| Group: Tradestation Indicators | |
| Title: Balance Of Power (BOP) by Igor Livshin | |
| Description: Igor Livshin's balance of power (BOP) indicator, described elsewhere in this issue, can be considerably simplified for efficient implementation. If you do the math, you'll find that the raw BOP is actually equivalent to (Close-Open) / (High-Low). Given this, TradeStation's EasyLanguage version of this indicator is written as follows: | |
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| Author/Source: Igor Livshin |