Mike, I made a little mistake in explaining the green-yellow-red gradient.
Any score >30 is green, 30 to -30 is yellow and red is <-30. So when a yellow goes below -30, it gets colored red. I thought I had seen red above the 0 bar but not so when I looked at charts -- didn't remember it accurately. Did get the green correct. A stock's BOP can go directly from a red to a green on a small candle day because of the large lot orders. It has NOTHING to do with price as a result of the large lot buying -- just the large lots. You can have a green hammer, a green doji and a red hammer all in sequence with price increasing anmd tghe BOP staying red during the whole time. I hope the shots you saw had the price in BOP as well. That is the easiest way to see the large lot buying/selling and the effect on the price. You can have green BOP with price falling and red BOP with price increasing. Let me know if you have additional questions. Judith ----- Original Message ---- From: Mike Orlyk <[EMAIL PROTECTED]> To: [email protected] Sent: Sunday, March 11, 2007 4:38:46 PM Subject: Re: [amibroker] Question on the BOP indicator Hello Judith, I was looking at the Kirk Report for last Friday ( http://www.thekirkr eport.com/ 2007/03/price_ volume.html ); He illustrated his commentary with a couple of TeleCharts using the BOP indicator. Between your description and what was shown in the referenced report, I have gotten a reasonable understanding of the indicator and its application. Thanks for the input, Mike ohneclue wrote: 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] com> To: [EMAIL PROTECTED] ps.com 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 Now that's room service! Choose from over 150,000 hotels in 45,000 destinations on Yahoo! Travel to find your fit. ____________________________________________________________________________________ 8:00? 8:25? 8:40? Find a flick in no time with the Yahoo! Search movie showtime shortcut. http://tools.search.yahoo.com/shortcuts/#news
