Balance Of Market Power by Igor Livshin
ARTICLE SYNOPSIS ...Balance Of Market Power by Igor Livshin
Who's in charge, bulls or bears? It doesn't take higher-order math to get a good reading.
The balance of market power (BMP) indicator measures the strength of the bulls vs. the bears by assessing the ability of each to push price to an extreme level. I deliberately developed BMP not to be a rangebound indicator, so it is as sensitive at extreme points as it is at other levels.
Every day, bulls and bears compete with each other in the marketplace. The idea behind the BMP calculation is to assign a score for both bulls and bears based on their daily per...
AUTHOR: Igor LivshinDATE: AUG 2001SUBJECT: Indicators