Balance Of Power

BOP measures the market strength by assessing the ability of buyers and sellers to influence prices.

Method

tm.ta.bop(source_open, source_high, source_low, source_close)

Inputs

Parameter	Argument type	Description	Default Value
source_open	pd.Series	Open prices series	-
source_high	pd.Series	High prices series	-
source_low	pd.Series	Low prices series	-
source_close	pd.Series	Close prices series	-

Outputs

Output	Type
bop	np.ndarray

Example usage

strategy.py

import tradomate as tm

@tm.strategy()
def my_strategy(config: tm.TradomateConfig, data: tm.TradomateData):

    # Trying out Balance Of Power
    bop = tm.ta.bop(data.open, data.high, data.low, data.close)

    # Get the last value and print
    last_value = bop.iloc[-1]
    tm.log(f"Last value of Balance Of Power is {last_value}")

    # Plot the values of bop
    tm.plot(bop, title="Balance Of Power", overlay=False)