Dear friends, Balance of power indicator (BoP) ko Igor Livshin na introduce kia, ye indicator market main sellers kay mukablay main buyers ki strength ko measure karta ha, yeh batata hay keh buyers aur sellers ki kitni ability hay keh woh price ko extreme level tak lay jaen, ye indicator aik unique price based indicator hay jo basicaly buyers aur sellers ki power sa price trends ko measure karta ha, ye aik volatile kisam ka indicator hota hay jo zero line kay above aur below oscillate karta ha,
How to calculate Balance of power indicator:
Is indicator ki value measure karnay kay liay hum closing price main sa opening price ko subtract kartay hain aur phr high price main sa low price ko subtract kar laitay hain dono kay result ko divide karnay sa Balance of power ki value milti ha is ka ye formula hota ha,
Balance of Power = (closing price - opening price)/(high price - low price)
resulting value hoti hay isko ham moving average kay sath smoothed banaty hain, signal find karny kay liay Balance of Power three ways say use hota hay
Showing indications of bullish and bearish sentiments:
aik best trading tool hay jo har kisam kay trading style kay liay useful hota hay, is indicator main price ko lead karnay ki bhi ability hoti hay, ye bullish aur bearish swing ki performance ko indicate nhi karta, balkay ye apni zero line kay above aur below oscillate ho kay trader ko indications daita hay, jab indicator oscillate kar kay zero line sa above jata hay to positive market sentiments ki indication milti hay aur bulls ki power show hoti hay jab kay jab ye indicator oscillate kar zero line sa below move karta ha to negative sentiments ka signal milta hay aur market ma bears ka control zahir hota hay,
Identifying trend direction and divergence information:
Jab indicator rising ka batay to ye bullish trend ki direction hoti hay aur agr indicator ki reading decreasing ho to iska matlab he keh trend bearish hay, jab kay zero say crossover kay through hamain trading signal milta hay, agr crossover zero say above ho to buying aur agr crossover zero say below ho yo sell ka signal milta hay, isi tarah price aur indicator kay darmian divergence trend reversal ka batata hay, regular aur hidden types ki divergence hoti hain, regular divergence trend reversal aur hidden divergence trend continuation ka signal daita hay. Regular bullish divergence tab banti hay jab market lower lows bana raha ho aur BoP higher lows batay, jab kay regular Bearish divergence tab banti hay jab market higher highs batay aur BoP lower highs.
How to calculate Balance of power indicator:
Is indicator ki value measure karnay kay liay hum closing price main sa opening price ko subtract kartay hain aur phr high price main sa low price ko subtract kar laitay hain dono kay result ko divide karnay sa Balance of power ki value milti ha is ka ye formula hota ha,
Balance of Power = (closing price - opening price)/(high price - low price)
resulting value hoti hay isko ham moving average kay sath smoothed banaty hain, signal find karny kay liay Balance of Power three ways say use hota hay
Showing indications of bullish and bearish sentiments:
aik best trading tool hay jo har kisam kay trading style kay liay useful hota hay, is indicator main price ko lead karnay ki bhi ability hoti hay, ye bullish aur bearish swing ki performance ko indicate nhi karta, balkay ye apni zero line kay above aur below oscillate ho kay trader ko indications daita hay, jab indicator oscillate kar kay zero line sa above jata hay to positive market sentiments ki indication milti hay aur bulls ki power show hoti hay jab kay jab ye indicator oscillate kar zero line sa below move karta ha to negative sentiments ka signal milta hay aur market ma bears ka control zahir hota hay,
Identifying trend direction and divergence information:
Jab indicator rising ka batay to ye bullish trend ki direction hoti hay aur agr indicator ki reading decreasing ho to iska matlab he keh trend bearish hay, jab kay zero say crossover kay through hamain trading signal milta hay, agr crossover zero say above ho to buying aur agr crossover zero say below ho yo sell ka signal milta hay, isi tarah price aur indicator kay darmian divergence trend reversal ka batata hay, regular aur hidden types ki divergence hoti hain, regular divergence trend reversal aur hidden divergence trend continuation ka signal daita hay. Regular bullish divergence tab banti hay jab market lower lows bana raha ho aur BoP higher lows batay, jab kay regular Bearish divergence tab banti hay jab market higher highs batay aur BoP lower highs.
