[Metastockusers] Balance Of Power

[Kevin <kevin_barry@xxxxxxxxxxxxxx>]

This is the Balance Of Power formula taken from S&C magazine.
However, the resulting plot is all over the shop and it looks nothing
like the BOP  indicator in TC2000.

Is anybody using BOP in Metastock? If so, can you see what the problem
might be?

THL:=If(H-L=0,.00001,H-L);

{Reward Based on the Open}
BuRBoO:=(H-O)/(THL);
BeRBoO:=(O-L)/(THL);

{Reward Based on the Close}
BuRBoC:=(C-L)/(THL);
BeRBoC:=(H-C)/(THL);

{Reward Based on the Open-Close}
BuRBoOC:=If(C>O,(C-O)/(THL),0);
BeRBoOC:=If(C>O,0,(O-C)/(THL));

BOP:=(BuRBoO+BuRBoC+BuRBoOC)/3 - (BeRBoO+BeRBoC+BeRBoOC)/3;
BOP

Thanks in advance.

Regards,
Kevin







Yahoo! Groups Sponsor


  ADVERTISEMENT









To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx





Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.