BOP

Summary

Balance Of Power compares where the close sits relative to the open, normalized by the bar's high-low range. A per-bar oscillator with no smoothing. Positive: close above open (buyers dominated); negative: sellers dominated.

Formula

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

Inputs

• inOpen — Open price of each bar
• inHigh — High price of each bar
• inLow — Low price of each bar
• inClose — Close price of each bar

Outputs

• outReal — Balance of Power value per bar

Properties

Numerical Stability: Start-Independent

Display Flags
☐ Overlap Input
✅ Independent Y-Axis i
☐ Candlestick

Implementation

TA-Lib Definition: bop.c · bop.yaml

Native	File
C	ta_BOP.c
Rust	bop.rs
Java	Core_BOP.java

TA-Lib is also available for Python, R and more using a wrapper.

Aliases

Balance Of Power, Balance of Power