Registered User
Joined: 4/7/2009
Posts: 6
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Hi,
Can you tell me why when Bop is green on daily, yet hourly is red? Take APRI for examle on 1/19 (today). I am using telechart platinum, but with this two opposite information from the same indicator, the information is contracting and provide no help. On dailly BOP can be green, but on hourly chart, they are all red. Are they selling or buying? How do I interpret it? Your prompt response is highly appreciated. Thank you. -Sophia
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers can't give setting, interpretation or investment advice. That said, Balance of Power can certainly give different signals in different time frames just like pretty much every other Indicator available (try RSI or Stochastics for example).
Basic Info on BOP, TSV and MoneyStream
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/7/2009
Posts: 6
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Bruce,
you didn't answer my question. Do I trust the bop on daily chart or hourly chart during a day? I am not asking for investment advice. Why do BOP show different information on daily v.s. hourly chart? Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You are asking for interpretation advice and I did answer your question as far as is possible. I'll restate it using different words, but that's all I can do.
A green BOP on a Daily Chart means it is green on a Daily Time Frame.
A red BOP on an Hourly Chart means it is red on an Hourly Time Frame.
Indicators (not just BOP) can be bullish in one Time Frame and bearish in another Time Frame without being contradictory.
If an Indicator isn't telling you something or seems ambiguous, move onto another Indicator or stock until you find a clear signal.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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