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indicator:balance_of_power
Table of Contents
Balance of Power
Parameters
Logical rules for Opening Logic Condition slot.
- Balance of Power rises;
- Balance of Power falls;
- Balance of Power is higher than the zero line;
- Balance of Power is lower than the zero line;
- Balance of Power crosses the zero line upward;
- Balance of Power crosses the zero line downward;
- Balance of Power changes its direction upward;
- Balance of Power changes its direction downward;
Logical rules for Closing Logic Condition slot.
- Balance of Power rises;
- Balance of Power falls;
- Balance of Power is higher than the zero line;
- Balance of Power is lower than the zero line;
- Balance of Power crosses the zero line upward;
- Balance of Power crosses the zero line downward;
- Balance of Power changes its direction upward;
- Balance of Power changes its direction downward;
List box parameters
- Smoothing method (Simple). The method of smoothing. Options: Simple, Weighted, Exponential, Smoothed.
Numeric box parameters
- Period (14). The smoothing period. Minimum: 1, Maximum: 100.
Implementation
C# source code: Balance of Power.
MQL source code: Balance of Power.