Balance of Power | Easy to Identify the Trend of the Market |Buy and Sell signals #shorts

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Balance of Power
#shorts

https://tlc.thinkorswim.com/center/reference/Tech-Indicators/studies-library/A-B/BalanceOfMarketPower#:~:text=The%20Balance%20Of%20Market%20Power%20is%20an%20oscillator%20showing%20strength,negative%20ones%20signify%20a%20downtrend.

The Balance Of Market Power study is calculated as the ratio of the differences between the Close and the Open and between the High and the Low. It can also be smoothed with a moving average of a selected type.

The Balance Of Market Power is an oscillator showing the strength of the bulls versus bears measured by the ability of each to push prices to extreme levels. Positive values of the oscillator signify an uptrend, while negative ones signify a downtrend..