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Strategies & Market Trends : TC2000 Users Technical Analysis Forum -- Ignore unavailable to you. Want to Upgrade?

To: LzzrdKing who wrote (1574)	1/19/1999 11:37:00 AM
From: Iceberg	Read Replies (2) \| Respond to of 3291

>What exactly is BOP? LzzrdKing, BOP stands for "balance of power". I don't know what BOP is. >How is it calculated? I've asked Worden that question, and they won't say. It's a proprietary indicator. Since I don't know what it is or how it's calculated, it doesn't mean anything to me. >Is it reliable? Even Worden says it isn't reliable in many instances. So it's an unreliable indicator that is calculated in some unknown way. Personally, I don't rely on it, but I do look at it as a point of interest this way... If a stock shows a consistent historical pattern of a price rise when BOP is in the green and a price decline when BOP is in the red, then I might anticipate that pattern to continue. On the other hand, there seems to be no correlation, or pattern at all with BOP and price action. I wish Worden would provide more information as to exactly what BOP is and how it's calculated. Keeping the calculations secret greatly limits the usefulness of the BOP indicator. Ice