Mike, I have TC2007 and am familiar with BOP.
The BOP is a measurement of large block sales (>10K) to measure institutional buying and separting them from us little people. It is a scale with a 0 line. Red and yellow bars can be either above or below the 0 line but green can only be above. At least I've never seen green below the 0 line. I have seen yellow and red. If there is a day when the price went up, open candle with long wick (sellers candle) the BOP can increase in red value because there were more 10K lots that went through as a downtick on an up day. The red can also go from -93 on a red BOP day with up candle (3-6-07 on VION) to a BOP red value of-72 on the next day (3-7-07), gap up, open candle with long wick (sellers candle). Next day 3-8-07, Doji, BOP -84, followed by 3-9-07 gap up, long open candle and BOP went green with 55 value. Made no transition through yellow at all. There are times when in a field of yellow, there is a single green up BOP day. VION 3-7-06 yellow BOP 28. Next day (3-8-06) Bop is green 33 and next day BOP is yellow 27. Next few days are BOP Y19,Y21, G31,Y16,Y28, Y27, Y15, Y-12, Y-18, Y-8, Y-4Y1, Y5, Y11, Y11, Y10, Y-2, Y7, and so forth. Hope this helps. Judith ----- Original Message ---- From: Mike <[EMAIL PROTECTED]> To: [email protected] Sent: Sunday, March 11, 2007 8:46:15 AM Subject: [amibroker] Question on the BOP indicator Hello, Does anyone have any information on Worden Bros proprietary BOP Balance of Power)indicator; how it is formed, how it is used? Has anyone created something similar using AFL? Thanks, Mike ____________________________________________________________________________________ Sucker-punch spam with award-winning protection. Try the free Yahoo! Mail Beta. http://advision.webevents.yahoo.com/mailbeta/features_spam.html
