Balance of Power

The balance_of_power() is a generic S3 function that builds upon 'type-safe'-esque workflows limited to classes in in base R, and the package-wide dependencies. Ie. class in, class out. Each method is a soft wrapper of model.frame and therefore the OHLC-V series must be coercible to a data.frame.

Usage

balance_of_power(x, cols, ...)

Arguments

x

An OHLC-V series that is coercible to data.frame.

cols

(formula). An optional 4 variable formula passed into model.frame. Internally uses ~open + high + low + close by default.

...

Additional parameters passed into model.frame

Value

An object of same class and length of x:

BOP

double

See also

Other Momentum Indicator: absolute_price_oscillator(), aroon(), aroon_oscillator(), average_directional_movement_index(), average_directional_movement_index_rating(), chande_momentum_oscillator(), commodity_channel_index(), directional_movement_index(), extended_moving_average_convergence_divergence(), fast_stochastic(), fixed_moving_average_convergence_divergence(), intraday_movement_index(), minus_directional_indicator(), minus_directional_movement(), momentum(), money_flow_index(), moving_average_convergence_divergence(), percentage_price_oscillator(), plus_directional_indicator(), plus_directional_movement(), rate_of_change(), ratio_of_change(), relative_strength_index(), stochastic(), stochastic_relative_strength_index(), triple_exponential_average(), ultimate_oscillator(), williams_oscillator()

Author

Serkan Korkmaz

Examples

## load Bitcoin (BTC)
## series
data(BTC, package = "talib")

## calculate the indicator
## for Bitcoin (BTC)
output <- talib::balance_of_power(BTC)

## display the results
utils::tail(output)
#>                            BOP
#> 2024-12-26 01:00:00 -0.7681064
#> 2024-12-27 01:00:00 -0.3708039
#> 2024-12-28 01:00:00  0.6093768
#> 2024-12-29 01:00:00 -0.6671699
#> 2024-12-30 01:00:00 -0.2596179
#> 2024-12-31 01:00:00  0.1803796

## visualize the indicator
## with talib::chart()
##
## see ?talib::chart or ?talib::indicator
## for more details
{
 ## chart OHLC-V
 ## series with talib::chart()
 talib::chart(BTC)

 ## chart indicator
 ## with default values
 talib::indicator(
     talib::balance_of_power
 )
}