Balance of Power Trend Indicator for ThinkorSwim

BenTen

BenTen

Administrative
Staff
VIP
Warehouse
This indicator will help you determine the strength of bulls and bears. It's similar to the default Balance Of Market Power in ThinkorSwim but with additional bells and whistles.
  • Above the Zero line is bullish
  • Below the Zero line is considered bearish


thinkScript Code

 
markos

markos

Well-known member
VIP
Warehouse
Very nice. The signals for divergence are excellent.:D
 

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