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GOJWH Balance Of Force

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BOF ( Balance Of Force )


The BOF is a centred overlay indicator based on trading volume.

This is overlays "SRI" on the chart and works with it.


- You can understand the flow of volume, and you can see over-buying and over-selling at a glance.

- For channels, the Bollinger Bands and Keltner Channels and Chandelier Exit Strategy were used in combination.

- Trend Cloud is a value that overlays the position on the oscillator of the current price compared to the high and low prices in a chart, showing support and resistance, and also shows the trend.

- Centered Line is marked using a formula based on the open price of 52 candles, and when the closing price exceeds or falls below it, the momentum at that moment is confirmed.

- #1, 2 Support/Resistance play the same role as the trend cloud, but make a difference in resolution.

- "The lagging span" is omitted because there are many explanations on the Internet.
Notes de version
*21/01/25 Updates.

- Centered Line = Heikin Ashi Patch
- ETCs non repainting patch
Notes de version
- Gradient color is patched.
Notes de version
- Ver.5 Convert
BOFMoving AveragesSRIVolatilityVolume Weighted Average Price (VWAP)

Script protégé

Ce script est publié en code source fermé et vous pouvez l'utiliser librement. Vous pouvez le préférer pour l'utiliser sur un graphique. Vous ne pouvez pas visualiser ou modifier son code source.

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