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SAPSAN TRADE: Ultimate BOP Momentum
SAPSAN TRADE: Ultimate BOP Momentum
The Ultimate BOP Momentum indicator is a powerful tool designed to identify strong market momentum using the Balance of Power (BOP) concept. It combines multiple filters and conditions to provide high-probability buy and sell signals. This indicator is ideal for traders who want to spot market turning points and trend continuation moments with confidence.
Features:
BOP Calculation: Measures the strength of buyers versus sellers on each candle.
Smoothed BOP: Provides a clearer view of momentum trends.
Volume & Range Filters: Ensures signals occur during significant market moves.
Momentum Filter: Confirms the direction over multiple bars.
Trend Filter: Aligns signals with the overall trend for higher accuracy.
Divergence Detection: Spots bullish and bearish divergences for potential reversals.
Confirmation Bars: Allows optional multi-bar confirmation for signals.
Visual Signals: Displays buy (▲) and sell (▼) signals on the chart, with color-coded backgrounds and threshold lines.
Alerts: Built-in alerts for automatic notifications when buy or sell conditions are met.
Inputs:
Timeframe: Choose the timeframe for BOP calculation.
BOP+ / BOP- Thresholds: Customize sensitivity for bullish and bearish signals.
Volume Filter: Toggle to require above-average volume for valid signals.
Range Filter: Toggle to require above-average candle range for valid signals.
Momentum Filter: Sets the number of bars to confirm directional momentum.
Confirmation Bars: Number of consecutive bars confirming the signal.
Trend Filter: Toggle to align signals with the trend.
Divergence Detection: Toggle to enable bullish/bearish divergence signals.
Usage:
Buy Signals: Occur when momentum, trend, volume, and range conditions align, or when bullish divergences are detected.
Sell Signals: Occur when momentum, trend, volume, and range conditions align, or when bearish divergences are detected.
Ideal for crypto, stocks, and forex markets.
Note:
Always combine this indicator with your own risk management and analysis. Signals are tools to assist your trading decisions, not guaranteed outcomes.
The Ultimate BOP Momentum indicator is a powerful tool designed to identify strong market momentum using the Balance of Power (BOP) concept. It combines multiple filters and conditions to provide high-probability buy and sell signals. This indicator is ideal for traders who want to spot market turning points and trend continuation moments with confidence.
Features:
BOP Calculation: Measures the strength of buyers versus sellers on each candle.
Smoothed BOP: Provides a clearer view of momentum trends.
Volume & Range Filters: Ensures signals occur during significant market moves.
Momentum Filter: Confirms the direction over multiple bars.
Trend Filter: Aligns signals with the overall trend for higher accuracy.
Divergence Detection: Spots bullish and bearish divergences for potential reversals.
Confirmation Bars: Allows optional multi-bar confirmation for signals.
Visual Signals: Displays buy (▲) and sell (▼) signals on the chart, with color-coded backgrounds and threshold lines.
Alerts: Built-in alerts for automatic notifications when buy or sell conditions are met.
Inputs:
Timeframe: Choose the timeframe for BOP calculation.
BOP+ / BOP- Thresholds: Customize sensitivity for bullish and bearish signals.
Volume Filter: Toggle to require above-average volume for valid signals.
Range Filter: Toggle to require above-average candle range for valid signals.
Momentum Filter: Sets the number of bars to confirm directional momentum.
Confirmation Bars: Number of consecutive bars confirming the signal.
Trend Filter: Toggle to align signals with the trend.
Divergence Detection: Toggle to enable bullish/bearish divergence signals.
Usage:
Buy Signals: Occur when momentum, trend, volume, and range conditions align, or when bullish divergences are detected.
Sell Signals: Occur when momentum, trend, volume, and range conditions align, or when bearish divergences are detected.
Ideal for crypto, stocks, and forex markets.
Note:
Always combine this indicator with your own risk management and analysis. Signals are tools to assist your trading decisions, not guaranteed outcomes.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.