OPEN-SOURCE SCRIPT
Smoothed Balance of Power
Smoothed BOP to try and find dark pool activity. Only works in charts with working volume!
Credits go to LazyBear for some coding on the plotting and Igor Livshin for the formula.
Credits go to LazyBear for some coding on the plotting and Igor Livshin for the formula.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.