Public Overloads Shared Function BalanceOfPowerOverPeriod( _
   ByVal seriesName As String, _
   ByVal s As Series _
) As Series

Visual Basic (Usage)	Copy Code
Dim seriesName As String Dim s As Series Dim value As Series   value = FinancialEngine.BalanceOfPowerOverPeriod(seriesName, s)

public static Series BalanceOfPowerOverPeriod( 
   string seriesName,
   Series s
)

Parameters

seriesName

The name of the series which will be displayed on the chart, i.e. its label.

s

A series where the first element is the high in the last trading period, the second term is the high in the previous period and so on.

Return Value

Interpretation

The BOP indicator for each trading day lies within the range [-1,1]. When the BOP indicator is towards the high if its range it will signifies that the Bulls are in control, conversely when the indicator is towards the lows of its range it signifies that the bear are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.

Evaluation

The BOP indicator for each trading days is evaluated by the following formulae:

BOP = (Close - Open)/(High - Low)

where close is the days closing price, open is the days opening price, high is the highest traded price during the day and low is the lowest traded price during the day.

Reference