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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

  • inPriceOHLC — OHLC price bars (open, high, low, close)

Outputs

  • outReal — Balance of Power value per bar

Implementation

TA-Lib Definition: bop.c · bop.yaml

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

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

Aliases

Balance Of Power, Balance of Power